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I don't believe PlayStation will be in any kind of disadvantage in 2016 or 2017.

This PS library of already announced games could be distributed for 3 or 4 years and PS will still have the advantage.

Ace Combat 7
Attack on Titan
Darkest Dungeon
Dead or Alive Xtreme 3
Deep Down
Detroit Become Human
Digimon Story: Cyber Sleuth
Dragon Quest Builders
Dragon Quest Heroes 2
Drawn to Death
Final Fantasy 7 Remake
God Eater 2 Rage Burst
God Eater Resurrection
Gran Turismo Sport
Gravity Rush 2
Gravity Rush HD
Hardware: Rivals
Heavy Rain
Horizon: Zero Dawn
JoJo's Bizarre Adventure: Eyes of Heaven
Kill Strain
Killing Floor 2
King of Fighters 14
Let it Die
Megadimension Neptunia VII
MLB 16
Ni no Kuni 2
Nier Automata
No Man's Sky
Odin Sphere: Leifthrasir
One Piece: Pirate Warriors 3
Persona 5
Phantasy Star Online 2
Ratchet and Clank
Shadow of the Beast
Shenmue 3
Shenmue HD
Star ocean 5
Steins;Gate 2 (aka Steins;Gate Zero)
Steins;Gate HD
Street Fighter 5
Summon Night 6
Sword Art Online: Hollow Realization
Tales of Berseria
The Last Guardian
The Tomorrow Children
The Witch and the Hundred Knight Revival
The Witness
Umbrella Corps
Uncharted 4
What Remains of Edith Finch
World of Final Fantasy
Yakuza 6 (aka Yakuza Zero)
Yakuza HD

Above, a list of upcoming titles either full, timed or console Exclusive to PlayStation. VR is just a cherry on the top. Lets give Microsoft a break.