Let´s see...as far as 3rd parties are concerned: this generation has cemented that SquareEnix is dead to me (only good thing they´ve done, imo, is to publish Sleeping Dogs), Capcom has fallen hard, I remain indifferent to Namco, Tecmo (and more specifically, Team Ninja) has also fallen...overall, I´d say that in my book, Japanese 3rd parties have fallen quite a bit this generation.The only ones I like nowadays are Platinum, From Software (because of Demons/Dark Souls) and a bit of Konami (only because of Metal Gear).
That brings me to this point: this 7th generation is the first where most of the games I enjoy are from Western devs, in past generations my library of games was made up of 90% of titles from Japanese devs, and the 10% left was Western, this time it´s almost the other way around.
Bethesda (despite the bugs) with the Elder Scrolls and Fallout series, Bioware with the Mass Effect series (despite the ending debacle), Naughty Dog with Uncharted, Epic with Gears of War, Halo, Dead Space, Bioshock, Batman Arkham games, etc..are all games I´ve come to really like this gen.