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Yes, Sony is paying for these exclusives, but in the end there are more (or at least better) games to play as a result. Through Microsoft's actions with Bioshock, Tales, etc., we don't get anymore games than we would've had otherwise.

One adds to the mix. The other simply detracts from the mix for a certain group of people for a select amount of time. You can make a case for grey areas like Heavy Rain, but for the most part the two strategies have markedly different end results.