I'm trying to imagine any reason why this would happen.
Both Sony and Microsoft are jumping into the wider ecosystem battle with Google and Apple. The next Xbox will be integral in bringing Microsoft's services to the living room, through their Live accounts and access to Microsoft's app store, as will the next PlayStation be integral in bringing Sony's burgeoning Sony Entertainment Network to that same space.
This is simply not something they would cooperate on. If they unified under a single hardware platform, they'd still have competing software platforms on those same devices. Working with their own individual hardware leaves open the possibility of one performing better than the other, thus that one having a larger audience to which they can sell their digital content.
It'd be equally as unlikely as Microsoft suddenly working with Apple or Google to produce phones.
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