For that living room experience. Wireless KB and mouse should be fine. I'm not an FPS monster and no amount of Bluetooth lag is going to appreciably harm my abilities.

We were going to get mods for Fallout and Skyrim on the PS4, but due to Sony shenanigans (supposedly) that's been canceled. :-(

I'm likely to run out of HDMI inputs on my receiver if I went both. :-)