Feels like sony + ms are just going to shoot each other in the foot. Gamers will end up with both consoles (sold as loss leaders) to get access to the exclusives and then spread their investment in games between the two. Lose/lose
The loser is game devs, who must either (a) do extra dev AND pay higher fees to integrate deeply with each platform, or (b) integrate minimally with each platform and compete with titles that get a leg-up from users' sunk costs into the network service.
tl;dr - the online service is the new console