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From a PlayStation fan's perspective (who doesn't care a whole lot for FPS, and even less for racing): 

  • Holiday 2013: XB1 started off as an expensive hot mess, with less horsepower, some ugly western exclusives, a required and expensive peripheral with little gaming value, and connectivity with something I haven't used in years (cable TV). Considering the cheaper & more powerful alternative (one bound to get more Japanese and diverse 1st party support)...the only reason I could think to buy in was if you cared about your Gamerscore.
  • Pre-Holiday 2014: Titanfall looked neat, but both shallow and too fast-moving for my taste (or stomach) in an FPS.  The required peripheral got the axe, as did the pricetag. At this point, a few of the cons had been removed from the system, but no new selling points were introduced.
  • Holiday 2014: A collection of older Halo titles and Sunset Overdrive, aka a collection of titles that didn't get me to buy a 360 and a Ratchet & Clank-looking title without the charm of that series. Even with the system being marked down extensively, I found it better to invest my gaming money in more games.
  • Pre-Holiday 2015: Well, not much to talk about here. Only title of interest to hit the XB1 was Ori, and, well...I got it and played it on my elderly PC. Oh, there was that collection of old games; considering the only ones in that package I care for I emulate on my aforementioned elderly PC...
  • Holiday 2015: This consisted of a timed exclusive, more Halo, and backwards compatibility with a system I didn't own. It felt like a punchline to a joke of a year, honestly. At this point there is no baked-in price advantage, and for me (and I imagine for many others), most friends are playing on PS4.
So...I dunno, it all seems kind of pointless to me, both from the standpoint of a PS4 owner and from the presumed standpoint of someone looking to jump into 8th gen. The XB1 is not a bad device, just a redundant one with very few selling points - cable TV, gamerscore, and the continuation of three franchises.