Hi there, welcome to the board. As you might have known the PS3 had a hard launch, and was priced pretty high compared to the competition, Sony did several things to make their platform more attractive. One of them was without any doubt free online gaming. Those that play a lot online just had to apply a bit of math and then the PS3 maybe wasn't that expensive. Or in other words comparing the PS3 to the PS4 may be totally wrong for several reasons. Sony instead try to lure people in with PS+ free/subscription games. There was no way they could change the politics and charge for online with the PS3.
Now with the PS4 they are still offering more value for their subscription and without actually. Plus they have the cheapest more powerful console*
And what are we going to do, if you want to play online you can't choose a free solution anymore. So Sony is actually not risking anything at all, they are just maximising profits.
The real value? there isn't any choice if you want to play online with a XB1 or a PS4.
However there is choice if you want to do other stuff with your console, and if the above numbers are correct then there is a lot of people that don't really care for online. Anything but online gaming is free with the PS4 how Microsoft can live with that is beyond me...
And just for the record, i hardly ever play online on my PS3 or PS4 but i have had PS+ for a long time and i own around a 100 games on my subscription. And the main reason i started was the automatic "cloud" backup that runs every night (kids!).
Read above, and i consider PSN better value than Gold, when Microsoft offers free games on the XB1 i will signup for gold.
I doubt it
*To be determined..