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I think it can go both ways. This could go very well for Sony, or can back fire in their face.
If by any chance the NX is a 4K system and has a strong launch line up.... Sony will have some competition and some pissed off fans might look the other way. Especially, if Sony is only going to use some games to fully take advantage of upscaling to 4K. Rumors point to God of War 4 and Eve Valkyrie as possibilities. Part of me wants to say that Sony is just going for full 4K video playback and the extra power will aid the PS VR.

If either rumors were to be correct. Sony and Nintendo will have some interesting competition with each other. It'll be the late 90's all over again. I'm curious as to where Microsoft would stand in this battlefield.