Microsoft turnaround? No, the turnaround happened 2013/14. Currently Xbox is trying (very hard) to catch up, but it is quite a way from catching up.
Yes games are the most important of course, and why I have an X1, for original exclusive IP's. Yes MS have a strong end of year, but PS has an equal (or better, depends on your taste in games) 2015 overall. Since Halo MCC in November, there will be no big X1 release till about 9/10 months later. And 9/10 months where MS isn't getting any money from me. (not quite true, I bought Titanfall from the Store in a sale)
I am qute happy playing PS exclusives in one half of the year, and Xbox the other half though. (Not including the multiplats which are 70% of my games)
E3 will finish the Jigsaw.
PS, PS2, Gameboy Advance, PS3, PSP, PS4, Xbox One