Well I guess I will wait on the PS4 until the inevitable hacking and security problems are fixed.
I am not advocating either at this point. Maybe something will wow me, but am playing it safe.
I adopted the 1-month waiting period for EA games and it has saved me tons of money by avoiding bad games.
I am applying a new 1-year rule to next gen consoles, because the 1st year was frantic for PS3 an their supply issues. . .and DISASTROUS for MS resulting in the largest product repair/recall thingy ever.
After a year or so, they'll have the bugs worked out-ish. By then it should be clearer what system is worth the 5 bills.
I would bet paychecks that one, and more likely both systems have a major issue within the 1st year. Then they'll release a new model with the problems fixed.
That's the one I'll buy, if I am moved to do so.