I assume it might be possible, if we look in past Sony with PS3 did let go of many of its exclusive (Tekken, Ace Combat, Final Fantasy, Devil may cry etc) as they were pretty confident about their first party development and wanted to invest in acquiring new studios and new IP. In the same generation MS first party studio were next to nil compared to Sony's, so they had to invest in signing exclusive deals with third party developers, to keep 360 relevant besides Halo! and along the way acquiring more studio. Now I assume that MS First party support is almost on par with Sony's and like sony did with PS3, they too might feel confident about supporting 720 with exclusive from their own studios and would avoid investing in third party franchise like Gears to keep it exclusive, they might get somesort of exclusive deal (DlC, timed). So there is a big chance of gears coming to PS4. And if that is the case I assume they will be wrapping up the story in Gears of Wars Judgment.. and will start a new stories and character for next generation... sounds plausible
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