I jumped ship from Xbox to PlayStation and I won't be looking back.
Pro's: 1. There is a much better selection of PS4 exclusive games. 2. You can see every detail especially on the 4K supported games. The graphics are sharper and more realistic. HDR technology will also allow you to see more vibrant colours. It is life-like.
Con's: 1. Cooling can be a problem. It can get very warm on long gaming sessions. 2. The fan can sound like a jet taking off so it's very loud at times.