Honestly, I don't see the problem. No one can see the difference between 720p and 1080p - We're talking about a minuscule difference in pixels. It's obvious what Microsoft were trying to do and they achieved it; create a gaming machine that is extremely versatile with the right performance for the market. The Playstation 4 is just expensive and decadent, like a giant phallus symbol just reaching into the heavens. Barely half of that 8GB GDDR5 is even available to the developers -- All show, no go!
I honestly can't believe the fuss being kicked up about this. Microsoft still have amazing technologies like Kinect and stuff. Xbox is a great brand these days and no one really cares about Sony anymore so no matter who has the bigger numbers, Xbox will be the victor.