I do see the PS4 being the better console of the PS4/ XB1 match-up, but with so much generation in front of us it's impossible to say for sure what's going to happen. It's ease of development was built to attract third party support, so even if Microsoft has the initial exclusives they don't have the incentives to keep third party devs coming.
That said, the Wii U is my pick for this generation's winner. The PS4 and XB1 innately compete in a living room, and without backwards compatibility they'll compete with the PS3 and 360, too. The Wii U is such a radically different console in design and library, though, that it doesn't directly compete with any console (the Wii least of all.) In fact, it complements some other consoles' functions by providing a second screen. If Nintendo can keep titles flowing out for it without any more delays, it will be this gen's winner.
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