LOL!

If a Gears Of War clone, a call of duty clone and 2D platform with crappy controls and user content, an hack-slash game that can be completed triggering the square button is what this gen has best to offer we are going nowere

Too Human?

I think that they look great.

They look great...

Better than MS, approaching Nintendo quality.

what??

Alan Wake (Not strictly first party but Microsoft have funded nearly all of the development and they'll be publishing), Lost Odyssey, Too Human, Infinite Undiscovery, they funded Tales of Vesperia, paid $50m for two GTA IV DLC's and Halo 3 had a marketing budget that exceed's most 1st party party development budgets.

That's one of the good thing's about Microsoft, they know how to advertise and you can guarantee a AA 1st party or popular 3rd party title will recieve a ton of advertisement paid on their behalf. I don't think the Xbox 360 version of Final Fantasy XIII would have done the numbers it did if Microsoft hadn't created all that advertisement. There was alot in the UK.

I think Sony have a higher quality bar on 1st party exclusives then Microsoft. That's why you've been seeing excellent quality games like Uncharted 2 and God of War III that are really pushing the visual and quality boundries. However just recently Microsoft has set up a In-house studio "Firebird Studios" that is dedicated to pushing the Xbox 360 visual boundaries and quality control on other titles which should be great for competition. They're also working on an unannounced game and some of the members are extremely talented and were/are involved with Microsoft's DirectX application. Really I think the developers skill and motivation the biggest factor in a games quality not the power of the hardware. Look at Super Mario Galaxy 2.

You also worded it as if Microsoft would be worried about a game flop. They lost over $4 billion on the original Xbox just to get their foot in the console market and continued to lose on the Xbox 360 untill recently. They never seem worried about dropping the price of the Xbox 360 either minimizing potential profits. As long as it keeps them in 2nd place.

Based on purely NEW Ip design this Gen, I would go with Sony.

Based on overall IPs owned and used, Ninty wins.

Sega still beats them both tho.

Microsoft never invest in big expensive risky games.

By all means Too Human cost a bomb, and bombed.

Nintendo used to have the best games, they are incredible at making games, but this generation, they simply have fallen behind quality wise, their best game came in 2007.
Sony in the other hand is pumping AAA titles months after month which each game out doing the other. While things may change as Ninty has finally decided to make core games again, They are far behind in terms of quality games.