The original article isn't about the current or past state of exclusives, I don't know why everybody is going on about it. The article is about how MS's current outlook is going to effect their future, and the fact is going in to the next gen who's going to pick what? People will look at reasons to buy the console, they'll see MS with Halo and not much else, which will only be appealing to the Halo fans who aren't already tired of Halo. Then they'll look at Sony with a history approaching 2 decades of high quality first-party and third-party exclusives. Wii and Kinect people won't care, they won't buy new consoles in the first year because it won't be worth the cost to them and they'll still be happy playing on their Wii.
The fact is exclusives are what sell consoles in the first year, and what exactly are xbox going to announce? "Oh look guys, we have Halo again and this new Ryse thing. Enjoy!" I don't think that'll go down too well.
The wild card of course is the Wii as somebody mentioned, if they can get third-parties on board, bring their console up to specs, and release serious exclusives (ie. not mario, not motion-based) then they could take all the medals. And they might get stay-at-home-mum 'gamers' upgrading from the Wii. But that's a lot of ifs.
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