I don't think RAM contributes significantly to the power consumption, certainly not if we use one of the low power types of RAM like LPDDR3. I imagine it may theoretically even be possible to shut down parts of the RAM in software as long as they're not needed. At any rate, if you need to do memory-intensive stuff (like compiling OpenSCAD) it's certainly better to have 4GB RAM than to have 512MB RAM and 3.5GB swap space on an SD card, even from the power consumption point of view
The main power eaters are and will be the display and the SoC. The SoC should be more power-efficient than what we have in the current Pandora, so for similar tasks, it should not use more power.
I'm mostly worried about the display: we want something larger, higher res, better response times, which means it will eat (much) more power if we don't watch out. I'm in favor of AMOLED screens for this reason: they have great response times (no ghosting, important for gaming), and they don't have the inefficiency of backlight+filter, so only the light pixels consume power. Many games are relatively dark (on average), and for serious work I prefer a terminal with a black background, so that would consume very little power. Of course if you're mostly going to use black text on white background (e.g. LibreOffice and many websites), then the power consumption will not be better than with LCD. But it's usually easy enough to change color schemes.
The main power eaters are and will be the display and the SoC. The SoC should be more power-efficient than what we have in the current Pandora, so for similar tasks, it should not use more power.
I'm mostly worried about the display: we want something larger, higher res, better response times, which means it will eat (much) more power if we don't watch out. I'm in favor of AMOLED screens for this reason: they have great response times (no ghosting, important for gaming), and they don't have the inefficiency of backlight+filter, so only the light pixels consume power. Many games are relatively dark (on average), and for serious work I prefer a terminal with a black background, so that would consume very little power. Of course if you're mostly going to use black text on white background (e.g. LibreOffice and many websites), then the power consumption will not be better than with LCD. But it's usually easy enough to change color schemes.