Yes, but it'll have a delay because the Xbone needs to process the image and sound signals first. At least this is how I understand it.Diablo1099 said:...So....By getting both consoles and hooking them up like this, I can play PS4 games on X-Bone?
/Might have misunderstood something.
This way you can use the Xbone's multi tasking functionality (quickly switch to TV, Skype, whatever) and then switch back to the PS4's game stream. You could even play a game on the Xbone and then quickly switch to an already running game on the PS4, then switch back quickly to the Xbone game...
In theory it is interesting but in the end you can just hook up the PS4 to the TV via another HDMI port and switch between Xbone and PS4 via the TV's source selection. So it isn't really useful, it is just one consequence from the Xbone's "box to plug all other boxes into" design.