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Better Questions would be if Sony or Microsoft could fly solo.

The PSP is the answer to Sony's hypothetical. Yeesh. Most of the PSP's third party games just flop hard, and the 1st party games either suck and/or also flop hard. They basically have to go it alone, and as a result you have a platform with the least enthusiastic userbase in history and possibly the lowest software tie ratio since the Sega Pico.

Microsoft? Absolutely not. the only games they've made that have been successful were Halo, Forza, and Gears of War, given all that and their third party license fees and remarkable market presence, they've managed to lose $8 billion. If they had no third parties (and thus, no license fees) I would imagine those losses would be magnified and expanded, possibly even above $12 billion.

"They can go solo and they have, but to win the console war they need 3rd party support in addition to the 1st party games."

Damn, they certainly took Japan without third parties, kinda like how they did it with the DS. The third parties will have no choice but to back the market leader there soon. Or they can die off. Which is good for Nintendo since apparently they can fly solo. :D