There are seriously very few console games I enjoy. When all my friends used to be gamers, it was fun to play hockey or football or FIFA, or even some driving games, but the FPS's mainly suck because who wants to use a controller when you can use a mouse/keyboard? Also the PC dominates entirely w/ deeper, more immersive games.
All that said, I think Microsoft, with their spying and restrictions, along with a hefty price tag and no Blu-Ray, are doomed. The only way people are buying that machine is if some really spectacular content is delivered (that doesn't look like WIndows 8 - blech) or they suddenly get exclusive license to GTA V.
I actually bought the 360 when it came out over Sony, and the thing broke right out of warranty. I was infuriated and so then bought the PS3 and it's been going strong for some time.