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Honestly it's all wishful thinking on MS fans part, it shows that people actually don't understand what's under the hood for both these consoles.

Software improvements can only make existing hardware run more efficiently and that's how dev's are typically able to squeeze every last bit of juice out of a console..

However Software improvements cannot make the actual hardware itself better. The issue here is that the on a hardware level the PS4 has more power under the hood, the XB1 has less. This is one thing that WILL not change.
We will always see a gap in performance, both consoles will see API improvements as this is standard.

Will XB1 games look good? Sure they will, nobody is saying they won't but to say they have closed the gap or that the XB1 is now more powerful then than the PS4 is pure lunacy!