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What kind of chips will we see post Moore's law in consoles?  Optical, holographic, or side-by-side layering?  Smaller consoles due to nanotech lithography? 

Personally, I believe consoles will fall by the wayside much like they did in the early 90's because by then consoles will have nothing to offer besides name brand gaming.  It is one of those "the circle is complete" moments when consoles can't really do much more at the risk of being extraordinarily expensive to outdo their counterparts-- i.e., PS3 launch.