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Legend11 said:

They're just lucky Microsoft didn't implement some of the changes 1 or 2 years ago or both their E3 and Gamescom conferences would have been very underwhelming.  The biggest thing to come out of E3 for Sony was their lack of DRM that Xbox One had at the time and that it's $100 cheaper.  For Gamescom it's all about timed exclusive indie games.  They're lucky Microsoft didn't cut price by $100 or they would have pretty much lost every advantage they had going for them and would be eaten alive when Titanfall drops.

Pretty much This.