At $400 the PS4 is a cool $100 cheaper than the Xbox One, the price difference is marginal compared to the fact that unlike on the Xbox One you can share and sell used games. Needless to say it makes perfect sense, I can trade, share and sell the games that I have paid $50 for.
[Sony explains how you can share games on the PS4 after the jump]
Reddit has an interesting thread spanning 7,000 comments just on this.