The 360 was able to go toe-to-toe with the PS3 because Sony fucked up. It launched 1 year later at a much higher price point. Sony really did an amazing job at keeping the PS3 relevant despite all its flaws.

Sony may have introduced DVD and Blu-Ray formats, but those never took away from the games or compromised the power of the consoles. Back then, having a video game console that could play movies was revolutionary. These days, it is expected just like Netflix and Hulu apps are. But what Microsoft is doing is "raising the bar" with interactive TV. I don't know about you, but if I'm watching Netflix, I don't want to be Skying with my annoying Call of Duty-addicted cousin or reading a backstorty of the characters in The Avengers. It's overkill and unnecesary.

@bold
PS4 is using GDDR5 RAM. Notice the "G" it stands for graphical. This RAM will allow for high-res textures, more textrues in general and less loading times and a bunch of other stuff I'm not smart enough to explain. In comparison, the next Xbox is using DDR3 RAM. This is just ordinary RAM you can buy anywhere. Perfect for multi-media featrues, but considering this is a gamign console, it would have been preferable to go with something suited to handle graphics such as GDDR5. 

Watch when multiplatform games like Watch Dogs and World of Halo Destiny are released on both systems and the internet is flooded with hundreds of graphical comparison videos... you won't be able to tell one version of each game apart from the other save for some differences in lighting.

Nay, I don't think Sony gave any particularly surprising news.

I don't see why they'd be in panic mode. It's not as if they're not also nine months away from a new console launch, just like Sony is. It's just they haven't talked about it like Sony has, so all we have to go on is speculation.

I am just going to say that if you have a quality response to leave it, but one word responses like "No" are spam. I am not moderating anyone this time, but please don't do it again.

I am not sure where you're getting your numbers from, but it seems you are comparing a rounded down number from Microsoft's last quarterly profits (6.2 billion USD$ profit for the fall quarter) with some sort of estimate of all of the money Sony has left (note, Sony's 2012 financials were a 5.74 billion USD$ loss).

Depends on their console. But I doubt it.

SNE on 12/31/12 reported that they had 8.023 BIllion in cash on hand. MSFT reported 6.017 Billion in cash on hand. MSFT does have 60 billion in short-term investments, but I'm just comparing cash levels. Microsoft didn't get its money from its gaming division, and the gaming division is not why Sony is losing money. Sony isn't in huge trouble either, they keep their cash level pretty steady by shifting around other resources. At this point in time, they can still sell debt on the bond market. They are rated BBB+ which is still investment grade, and they still pay a dividend.

I own neither MSFT or SNE (and have never owned either) so I gain nothing financially from the performance of either company.

No.

2 me it seems Microsoft are focusing on doing there own thing kinda like Nintendo with the Wii, there's alot of focus on the Kinect and this whole being the "center of your living room business"