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Not really. By fall 2016 PS4 will be the go to machine for the masses (it already is), if you're a late adopter you're gonna go for the PS4 as its the established mainstream system, it has the brand association with big franchises (COD etc), it has the backlog and will likely be the cheaper of the two. If you're not a late adopter then chances are you'll already have a PS4 by the time the NX gets here, so even if you purchase it you're not stealing from the PS4's numbers.

Nintendo's goal shouldn't be to compete with the PS4, it should be to succeed it. Get PS4 owners who purchase systems in 2014/15 to upgrade to a new far more powerful console in 2018