In theory yes but: (Opinion) This generation was weak on exclusives even the strong titles were franchised and watered down during the cycle - it was combination of prolonged generation and blockbuster effect with insane production values. After all GoW2 was the swan song of the PS2 and arguably the best game for the platform and for some at all. Xbox 1 also had very strong line up in the last two years (Halo 2, NGB, Burnout, Conker). The last two years have been a desolation in the console exclusive worlds - we have some bright spots like The Last of US but it seems it really is the last of them. So I am almost not interested in next gen at all.

But unlike mobile phones and tablets owning more than one living room console makes sense. You don't have cost of switching just cost of entry (buying PS3 allows me to play Uncharted but does not prevent me from cursing xbox for lack of mouse in a shooter). And you could always bring down the cost of the device to as low as needed if you are willing to take the hit.

Right now in US and western europe the only users MS can get must be poached from Apple and Android. That is much harder task.