For next generation, I'd say the PS4 has the potential for more games than the Nextbox.
We know for sure that the Nextbox will have Halo, Gears, Fable, & Forza. There's other games like Crackdown & Alan Dark, but those franchises haven't been active in years and nothing suggests that they will be picked up. We can only say for certain that Microsoft will have those four games.
Sony has a pretty considerable advantage with their first party studios. There's Polphony Digital, Naughty Dog Studio 1, Naughty Dog Studio 2, Sony Santa Monica, Media Molecule, Guerrilla Games, Sucker Punch, etc. It should be noted that GG and SP also split into multiple studios. Sony tends to also have an exclusive 3rd party developer at least every year (Quantic Dream, Insomniacs).
It's clear that the PS4 definitely has an advantage as far as quantity is concerned.
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