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1) Who's to say that those 360 owners didn't upgrade to a PS4 instead while they still actively use their 360? And not like they'll have access to Playstation data to see if 360 owners switched or not.

2) Of course the money they spent on games wont go to waste because they're still playing it on their 360. Who buys game for the system its on thinks it's a waste because the next console doesn't have backwards compatibility? I dont think anybody thought their PS3 or 3DS games are a waste because the PS4 and Switch aren't BWC.

Not trying to put down the growing success of the XB1 as MS has been making numerous smart moves lately, but I just feel that other things could've been better said what was said in the OP.  But regardless, good on MS, we need competition.