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Soundwave said:

"Winning" a console war generally boils down to making the least mistakes. Like I've said it's like playing golf ... the golfer that can complete the course with the fewest shots (the lowest score) wins the game.

Sony made the fewest mistakes, so they deserve to win. That's really all it boils down to.

Pros:

- Good hardware

- Good pricing from day 1

- Good marketing

- Good third party support

 

Cons

- Library has been slow to build and over flooded with cross-gen/last-gen remake titles as developers struggle to come to grips with this new generation. But this is only a temporary issue, most consumers are savvy enough to know that having been through previous console cycles. 

This. The first year or two of a console cycle is always bare when it comes to "must have games." That said I've played my PS4, in the first 18 months, more than any console I've ever owned and I have less time to use it due to having a job and family and a gaming PC sitting right next to it. And when RB4 comes out it'll never be shut off. 

OT: Sony very much nailed it with the PS4 and MS squandered their XB360 cred with all the missteps around the launch. But we all already knew this, didn't we?