It will. I don't doubt that. But with Sony playing "wait and see so we can do what Microsoft does" while Microsoft continues to drop info about their next gen plans, could seriously come back to bite Sony in the ass. Especially as more time passes by and Xbox keeps dropping pertinant gaming news about their next gen hardware and software.
If people want to admit it or not, they are running away with the narrative at this time. That's just a fact.
Those who say this a good plan for Sony, think on it this way; what happens when Microsoft drops even more good news about their new hardware, show even more software that looks incredible and enthralling, drop even more GP news with a few surprises, and suddenly Sony releases their information, and their still underpowered, their high profile games don't quite stack up or probably not even show up and in many ways their game and streaming still seems like an afterthought?
This could become a reality, for sure. Sony fans don't know if they'll like what Sony offers until they show it. Its possible they won't quite engage Sony fans the way they hoped, and Microsoft has been dropping bombs the whole time.
Its a really risky game Sony is playing right now. Sure, they can hold their cards close to the chest if they like. And in the end, it might work for them. But there's no guarantee, and with Microsoft hungry to win back mindshare and really compete, and will be at E3 so they can really dig in, well, things get even riskier.
When you ask for rain, you gotta deal with the mud too. Just my two cents...