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@BornFirst: I would add one more lesson for the industry:

4- Do not assume you can engage Microsoft in a cash-throwing war.

This one may not seem important, but it shapes the next generation in that Sony will have to change their strategy, and it will decrease the number of potential newcomers (probably to zero).

Nintendo is only succeeding because their strategy doesn't rely on having 3rd party exclusives and having a price advantage. Otherwise MS would have "killed" them too.

PS: This assumption may not have been explicitly in the minds of Sony's execs, but it was certainly implicit in their strategy.

 



My Mario Kart Wii friend code: 2707-1866-0957