It would be called XBox 8 or whatever Microsoft would want it to be called. Microsoft's invested billions into the XBox brand, they would just take the Playstation name and bury it and consolidate both the XBox and PS3 audience under one brand (their own). They'd just allow Sony to publish God of War/Uncharted/Gran Turismo for them.
The "Playstation" brand would became a legacy brand on XBox Live for downloadable PSOne/PS2 games and that's basically it probably. Maybe MS would let Sony release a higher-end home theatre Sony branded XBox but that's about it.
Say hello to a $599.99 console or $149.99 w/a 4 year subscription too, lol. No competition and all that. Enjoy fellas.







