Sony doesn't have anything in the bag. Maybe Japan if Wii U under delivers there in the log run.
360 gained marketshare in Europe this gen, significantly so when compared to Xbox 1. And MS is probably be firing on all cylinders when it comes to U.S and Europe, that's why they brought Phil Harrison on board.
Sony will take MS very seriously.
This is a pure guess but I wonder if it is because Sony wait for actual early chips for devkits?
Looking back at the PS3 it had SLI 6800 GPUs but a 2.4 Cell and I guess the PS1 and PS2 being custom had to have the actual chips in their devkits?
Rumors point to a more pragmatic approach by Sony when it comes to CPU and GPU design(It isn't bad news btw), or should I say a more "off the shelve" approach. Their big focus seems to be on memory bandwith, so I'm feeling they looked at AMD's roadmap (after supercell project and Intel project were canned) and cherry picked, worked with them to suit their needs and their memory bandwith plan.
MS for example, was already working with AMD to produce custom silicon long before it, and also evaluating Power PC tech with IBM. But unlike last gen, MS wasn't ready to hear IBM say "Well....we can't do what you want after all and so we are going to have to cook up something quick". Yes, that happened last gen, and so they didn't put all their eggs in one basket.