They both messed up things that have been very good in the past.
343i ruined a whole franchise, taking out core gameplay features that players have been accustomed to.
Microsoft took everyone's excitement for a new console and dumped it down the drain by making it more of an entertainment system than a video game console.
Although both are major disappointments, which one is worst?
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Halo 4 is the worse of the two. The Xbox One can be released and be improved with software updates, good games, good experience (just like the 360 was over its lifetime) but Halo 4 is done. It can never be redone, it's just a pile of unchangeable shit. At least the Xbox One still has potential.