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Of course they could win a generation, it just depends on how they do with the next Xbox.

Sony is winning with the PS4 currently because they have been doing everything smartly since the beginning. They kept the hype going and only tried to shine positive light on the PS4. (Even going so far as to try and hide certain things such as how during E3 2013 they casually tried to not mention the fact that you have to pay for online now).

Microsoft just needs to start off the generation really well like that.

And honestly, anyone that thinks that it's impossible for Microsoft to win a generation and that it will always be Sony, I think they are just being blinded by their own loyalty for their favorite console.