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I want to address some of the things in said the OP that I think are somewhat inaccurate.

1.I don't think a lot of 360 owners were owners of PS2s or PS1s. There are lot of people who started as Xbox OG owners and continued on to the 360 and now the One.

2.I hesitate to call any of the current consoles a 'failure' yet. I think Xbox One is isn't selling what Microsoft wants it to sell, however that said Its doing better than the 360 at this point in its life. You could argue that the Xbox brand is overall failure since its creation since it loses money for Microsoft.