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The amount of money Microsoft has is frightening actually.

They post $20+ billion in net profits a year without much fuss. That's more than Sony has made probably in the last 10 years combined.

They bought Skype for $8 billion dollars and didn't even blink, if the XBox division needs to lose some money for 2-3 years, I don't think it's really out of the question for MS at all if they view it in their best interests to take control of the living room, especially before Apple TV comes. 

Sony is just a bug on their windshield as far as their overall corporate strategy is concerned. Microsoft's really competetion is Apple and Google.