I own a PS4, and wouldn't buy an Xbox1. The library of quality AAA games this generation is so small thus far that I think you really need to examine the lesser known stuff on both sides to make your decision. I for one like Japanese games, and thus get a lot more out of my PS4 than I ever would out of a console that doesn't support them. It's the same stance I've I've taken since the PS2/Xbox era when my friends were arguing over which one was "better" -- it really just comes down to what you want to play.
There's also the fact that I can barely afford to keep current on the platform I'm already invested in. As I've griped about before, new games in Canada are 80 fucking dollars right now (which I adamantly refuse to pay, as it is insane), so bringing ANOTHER console into that mix wouldn't make sense. Also, I'm one of the minority who's still really enjoying what's being offered on the Vita (if you like Japanese games, the Vita is still putting out plenty of stuff), so that's yet another focus/cash split. I can't see a scenario where I'd ever buy into a Microsoft platform at this point.
There's also lineage to think about. When going from the PS2 to the PS3 era, my friend would ask what console I was going to get, and I told him, "Well, I know I'm going to at least want to play the next Ratchet game, so I'm sticking with Sony." If you're into long-running console exclusives, it just doesn't make sense to derail yourself off that track.
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