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MS XBO wont be in same situation as Nintendo WiiU as long as 3rd parties continue to support it. At whatever point, MS has that price or releases that exclusive that galvanizes the X360 core audience into migrating up, they will start really accelerating the adoption rates.

TitanFall was pretty impactful, but it was multiplayer only and also available on PC and X360. When they have an exclusive like Halo 5 that has single player & multiplayer, and only on XBO, then more of the X360 core audience will get convinced to upgrade.

Price is and will always remain a factor, but I think at present the main issue is the reason to spend any money at all if you are totally happy with X360 or whatever other consoles you might be playing on.