it will like the PS1 and PS2 days no competion jus pure monopoly
You mean back when there was actually market segregation? There was competition, it was just in a massive majority for the PS2 (and which is probably a reason why there was so much shovelware on that system). Microsoft could be understood, considering it was a new product line, but the GC was just a letdown after what the N64 was. I still miss my N64.
Nowadays, we'd be staring at a 400 dollar console to buy. It's pretty much destined that we will eventually be paying 80 bucks for a standard game anyway.