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I do think that nintendo has the most leverage leading into the next generation. Why?
...The wii is this generation's leader; hence, its successor is assuredly going to have great third party support.
...Assuming that the Wii 2 releases at the end of 2012, it is going to be relatively easy for it to have at least twice the power of the PS3 and still be sold for 300 bucks.
...Nintendo's next console will differentiate itself from the wii more than other consoles compared to their predecessors because of the wii's power or lack thereof.