Only for certain types of games, but not for any major releases. SCE generally doesn't buy exclusive publishing rights from developers for games (they have done plenty of exclusive DLC deals) as the last important title that comes to mind is MGS 4 from 2008.
Independent games from small studios who really have to pick where their development dollars go to will likely prioritize PS4 publication (hence MS feeling the need for their parity clause), but these games generally aren't what comes to mind when thinking exclusive games or even the ever popular trend of "console exclusive."
There could be a fair amount of Japanese market games that remain on the PS4, simply because the XBO market in Japan is for all intents and purposes DOA.
If anything, the market may end up seeing more Tomb Raider 2 style major release, MS bought exclusives on the XBO as MS tries various options to recover marketshare.
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