I think the line in the sand has been drawn with next-gen consoles, but just how far back as Microsoft been pushed? Well, according to a poll run by Amazon on their Facebook page, Microsoft are really losing this war, by a long shot.
They asked readers which next-gen console they prefer, the PS4 or the Xbox One and the results are absolutely huge. The PS4 has 31,689 votes and the Xbox One has just 1,754 votes - yes that is not a mistake. Of course, this doesn't mean that the PS4 is going to be 20x more popular, or make 20x the sales - but this is an interesting statistic. This doesn't mean the Xbox One is finished, but it'll be interesting to see where things sit in a couple of years from now.
All I know is that I would've bought an Xbox One on launch if there was a killer app, but nothing I've seen makes me want one. The built-in Kinect sensor being always-on kind of turns me off, and isn't something I want sitting in my house. I like that Sony at least gives you the option, which is definitely the right move.