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You do not have to look any further than Microsoft Windows to see how the lack of competition is a bad thing for everyone. In the short term one console to rule them all would be great. Problem is why come out with something new? Why innovate or for that matter help the consumer at all? Without Sony and Microsoft there would be no Wiimote, no PS3, or even an XBOX360. In the end competition is great even if you have to make some sacrifices so that the future is bright.