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NJ5 said:

I'm quite surprised that some people believe the industry could live without Nintendo's platforms.

PS3/360 development costs are substantially bigger than those of the last generation, while the gaming audience didn't increase that much. There is no way the industry could sustain itself at its current size with those platforms only.

Sony/MS's moneyhats mask this situation a bit by making those platforms seem more viable than they are, but the situation is still quite visible.

Correction:   Games focusing on high definition visuals, advanced AI/physics, and more cost much more than games of last generation.

Considering the strength of Microsoft's APIs and tools, I wouldn't be surprised if developing a Wii-esqe title for the 360 turned out to actually be cheaper than doing so on the Wii itself.