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PS4 may very well be the first time that the most powerful console wins a generation.

Microsoft's error may be the same as Nintendo's. Nintendo saw unprecedented success under the Wii brand and they were hoping that lightning would strike twice. They don't have the consumer friendly price, the addicting must have software, or the buzz and excitement that they had before. Plus, parents and females don't think "Hey, this is a healthy way to let kids play games" or "Wii Fit will make me lose 100 pounds".

On the Microsoft side of things, they also saw tremendous success with Kinect. The promises that Kinect made are really what helped them stay ahead of PS3 as long as they did. Unfortunately for them, Kinect worked decently but never lived up to the promise. Aside from a few good titles, the games never came, either. Like the Wii, a lot of consumers felt burned by the purchase.

Lucky for Sony, they didn't burn a lot of people because Playstation Move never really took off like Kinect and Wii did. They aren't banking on some (for lack of a better word) "gimmick" that hooked consumers once. They're just relying on giving traditional gamers what they want.