As much as I hate on the XB1, let's face it, if MS completely failed for next gen, then all we'd be left with is a Sony PS4 with no competition, and just like we're seeing MS in a place where they thought they had no competitor, we also say Sony do the same boneheaded moves at the start of the PS3.
What's more, that fierce competition is what's driving some game development, forcing Sony and MS to pony up money to get games, or extra content for games made. Sometimes they pay third parties and end up funding games that just wouldn't be made, but it also forces these corporations to dig into their IP libraries to give us new games from beloved franchises (at which point they milk them through the generation, but c'est la vie).
What's more, that fierce competition is what's driving some game development, forcing Sony and MS to pony up money to get games, or extra content for games made. Sometimes they pay third parties and end up funding games that just wouldn't be made, but it also forces these corporations to dig into their IP libraries to give us new games from beloved franchises (at which point they milk them through the generation, but c'est la vie).