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I think the PS4 is the better option.

The reason why is simple. The 360 also had lots of exclusives in the yearly years, but what happened after?

I think the X1 might look appealing to those that didnt learn their lesson with the 360 because it has 2 more exclusives at the moment (though titanfall isnt technicly an exclusive), but Sony has the biggest first party studios in the world and all of them are working on the PS4. The PS4 is the best investment hands down. There will be more exclusives out on it than there will be on the X1.
Besides that, the PS4 is doing great all over the world and is the undisputed number 1 console. You cant go wrong with one.

The X1 is a risk. Theres a real risk that microsoft will sell off the division and it seems to be doomed in Europe and Japan.