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Aeolus451 said:
Well, the announcement was a surprise and good for gamers but aren't some people overreacting to it? To be fair, the PS3 was backwards compatible early in last gen but people really didn't want it. It did not help sales. 

Because the other platforms were also backwards compatible. In this scenario the Ps4 is not backwards compatible while the Wii U and XBO are backwards compatible. If somebody wants to play 7th generation  games, and don't want extra 7th generation consoles sitting around, then they will benefit from gettings one of these two other platforms. When the differences between an XBO and PS4 can be essentially counted with a single person's hands, any small bonus feature becomes much bigger than it would've been otherwise.