1) MS- game consoles are about a hell of a lot more than gaming these days, and MS is the only one that really gets that. People here will b*tch and moan about the lack of exclusives and handful of Kinect titles, but having that true "third screen" experience is going to be a hell of a lot more valuable than being able to say "PS4: the only place you can play mediocre Killzone and Infamous sequels!" So long as they do something about their XBL subscription set-up (read: free online play and access to stuff like Netflix) I think it'll be an easy win.
2) Sony- This is more a comment on how badly Nintendo shot themselves in the foot than belief that Sony has something worth buying. It's just too status quo: the games all looked boring (with the exception of multiplats), I don't think the social features go far enough to trump what MS is no doubt working on with XBL, and the genuinely cool Gaikai stuff is apparently work-in-progress/"aspirational". Maybe they have some big surprises saved up for E3, but as-is they don't have the games to sell the PS4 as the "gamer's" console or the features to sell it as the "everyone's" console.
3) Nintendo- They might have had a shot at second if the Wii U had sold like the Wii out of the gate, but its slow sales coupled with another set of "gen and a half) hardware is a recipe for disaster. If they can get the price down and big franchises out fast enough they might be able to salvage things, but as-is the Wii U is almost an impossible sell relative to the Xbox 3 and PS4.
Slow_Show
I should've just quoted this, it's spot on.
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