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I liked the article and it makes some good points, the Playstation brand is still powerful. However, it seems to almost disregard the impact that Microsoft had on Sony as well.

Microsoft challenged Sony and hit Sony pretty hard. Sony was really cocky and expected to dominate this gen as well, Microsoft brought them off the high horse. Sony knows it can't just release a console and expect to win. What we know so far about the PS4 shows Sony won't have the same level of arrogance, nor mistakes it launched with the PS3. It'll be interesting to see what both Sony and Microsoft do this gen.

Like others have said, competition is good, as it drives the companies to make better quality products. The Playstation brand is strong and Sony won the last two gens by a wide margin, both in sales and in quality games. I love Playstation but there were a lot of mistakes made with the PS3 and this gen. Things change and Sony will have to work if it wants to win again.

As a fan, that makes me all the more excited to see what will happen.