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  • "True exclusives" are games that haven't officially been announced for any other platforms. Some of these are merely timed exclusives, and may come to other systems in the future.
  • "Console Exclusives" are games that are only on a single company's consoles (so a Vita or PS3 version wouldn't disqualify a PS4 game, for instance). These games often also have PC versions.
  • "Next-gen only" games are ones that will not be available on current-generation home consoles. They may be available for portables or PC, however.
  • "Late releases" are games that will already be out on some other platform before they launch on the appropriate next-gen platform.
  • "Original IP" is a game not based on an existing game franchise or property from another medium.
  • Genre totals may not add up because some games were counted in multiple genres.
  • These lists are subject to change, and in fact already look significantly different than they would have a week ago.
  • Microsoft has more games that are truly exclusive, but Sony has many more "console exclusives," which mainly overlap with concurrent Vita and PC versions.
  • More than half of the launch library for each system overlaps with the other system.
  • Most of the PS4's advantage in total games and console exclusives comes from a bevy of independent titles they've been promoting quite heavily, largely from existing PC titles.
  • Neither system seems set to have an RPG or platform game at launch.
  • Generic shooters and/or action games of various stripes make up roughly half of each system's announced games. 

http://arstechnica.com/gaming/2013/08/by-the-numbers-next-generation-console-software-showdown/