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KLXVER said:

You know that wouldnt make the best of Sony and the best of Nintendo come together, right? Most likely you would never see AAA games like God Of War and The Last Of Us again.

In this hypothetical scenario, a company the size of Nintendo would be an entirely new division under Sony Corp, something along the lines of Sony Mobile Entertainment, rather than a subsidiary of Sony Interactive like Bungie currently is. 

I could see Nintendo doing their own thing under Sony Corp without having to collaborate with PlayStation, since Nintendo hardware would be another high end electronic product that Sony manufactures, and they instantly bolster their mobile division without adding significant overhead to SIE. The only thing that Sony would want Nintendo to collaborate on would be with Sony Pictures/Aniplex for transmedia content. 

Of course, this is a fever filled pipe dream from Phil Spencer, and is prior to the Activision Blizzard acquisition anyways.