If MS is looking for outside exclusive content, then I am sure they will either purchase the IP for themselves or use their existing catalog and hire a developer to do it. I do agree that this would be something MS has done a while ago at least a year + out. In order to fill up the launch window trying to do something this year would not reap results until 18 months or more
As for MS doing business with UB. I think you people feel like business are friends. This is not the case. UB is free to make as many deals as they want with as many console makers willing to bring the cash. Just because UB is taking Sony money does not mean they will not take MS. They would just do something different.