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That would be awful.

Seriously, what would the PS4 have been like if the 360 hadn't put the fear in Sony? Where would gaming be right now if the Xbox One hadn't had any direct competition at launch? Both companies have continuously forced the other to up their game.

I know I would still be gaming on PC but I would probably pick up an Xbox One eventually. I guess a lot depends on who buys the best Sony IP and/or studios, or if most of those studios broke up and reformed as third-party developers. Naughty Dog and Santa Monica on PC would be pretty damn compelling.