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because it is not really multitasking we are talking about.... it's 2 VM running next to each other.... but those VM can multitask (several apps running in the app VM for instance) what's nice here is if one VM completely crashes it won't affect the other, that's one of the perks and it allows in XB1 case to have totally different kernel for both OS in VM which means you can bring different code depending if it's a game or an app....
not sure about PS4.... but that doesn't downgrade the PS4 qualities in multitasking it just enable more things in the MS ecosystem (win8 apps probably) not really change much for Sony....