I think it's more like M$ created Xbox because they were afraid of thr living room taking over the desk, and Sony ruling the living room. That ship has sailed, though. Playstation was a red herring. Google and Apple struck thw major blows via mobile.
Still, PSVue is looking like a good deal, and services like this may actually extend the life of live TV for a while, but it's still basically Cable, and I think were gonna find that on demand streaming will continue to take it's toll as more and more channels release their own separate subscription services for people who no longer want to deal with 15mins of ads in their 40min tv show.