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Sqrl said:
@jstam,

I will let Bodhesatva give you a full responce, but I would like to chime in and say I think it is unlikely that several of these 3rd party companies would want to make a console and I don't know that they could handle the burden for the development of a console (it is crazy expensive to do prototyping). But I wouldn't rule out working together to help shape future console landscapes in their favor, although I am not sure how likely it is.

If they where to release a console at the end of the 360/ps3's lifespan that had similar internal architechtuare to those consoles im positive that this would cost less than what it does to upgrade their r&d, and if the burden was split between say the top 5 publishers they would all wave any royalties that they would have to pay sony/microsoft, plus no doubt there would be other benefits that i am not aware of as well...