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It is bizarre. Level 5 is nothing compared to S-E
If anything, MS has been investing heavily in S-E to get games, and it is only because the ps3 has such a small install base that S-E isn't paying as much attention to sony, especially with the way things are happening at sony right now.
S-E will come back to Sony, once it becomes more profitable. Don't forget Sony and S-E have a rather extensive relationship, a stronger relationship than most companies. It is just a little excessive to expect S-E, a huge company with a lot of cred, to lose profits over friendship. Exclusivity is for the small companies and the platforms with market share majority.