Microsoft might get away with weak hardware and still sell well because of other stuff and that makes me sad...

[DirtyP2002]

The lineup of announced games for Xbox One stomps the PS4 with all their $2 sidescroller indie titles and lack of AAA games.

in 2013:
It is Knack and Killzone vs. Ryse, Dead Rising 3, Forza 5 and Killer Instinct.

in 2014 (so far):
It is InFamous and Driveclub vs Halo 5, Kinect Sports Rivals, Quantum Break and Titanfall

And I am not even counting games like Project Spark or Zoo Tycoon.
Gamewise this is no competition right now.

This is all IMO.