This could very well be what some have been worried about. PS getting full of themselves and going overboard again like with PS3. Except this time they've learned their lesson, so instead of an insanely powerful, complex, and expensive console with lack of games because of it, they create a strong enough, established, affordable console, and blow their investment on a sure thing in terms of quality gaming franchises.

Not only would this be a much smarter single big move in comparison to PS3, but everything MS has done in terms of building up their first party would all be instantly overshadowed by this one PS announcement.