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If Microsoft is really worried about just a game like "Uncharted 4" then they have a lot to worry in years to come. Naughty dogs next game (new IP or TLOU 2), Santa monica's new game, media molecule's next game, GG's new IP, sony bend etc. Sony will keep releasing innovative AAA games where microsoft will have to spend more cash. Plus ps4's bigger install base will make it more expensive. Satya nadal wont spend more in a division that causes shareholders go angry.

 

And one another thing. Sure microsoft has a lot of cash. But they made this cash by investing smartly and saving.