Link: Turtle Beach Ear Force X42 Headset (Wireless)
I confirmed with Turtle Beach tech support that is works with both PS4 and XBOX ONE (I have both consoles), and only requires the Turtle Beach PS4 Chat Cable for full chat compatibility with the PS4. And it has an XBOX ONE adapter coming out for it soon.
On the other hand, the bundled PS4 headset is so terrible that even on max volume you can barely hear anyone else talk on Assassins Creed multiplayer, and there is a bunch of background noise as well.
Anyone here have experience with higher-end Turtle Beach headsets like the X42? I have heard really good things about them.