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I do believe it is the smartest, just because they are giving every console good support and been rewarded for that. 3 million sellers on 360, 2 on Wii, 2 games on PSP that have sold over 2000k. Even on the DS they have had success with games like Phoenix Wright, Megaman, etc. Also, they have a very bright future ahead with RE5 ( will be the biggest surprise this year in terms of sales, I`m expecting 5 million at least), Bionic Commando ( it is looking great and very innovative), Monster Hunter 3 and some other projects with potential like Spyborgs, Dark Void and SF4 ( It has the brand, but I'm not sure it has the same weight as it did a decade ago).

All of this of course is of course about the choices they made this gen. Konami has besides MGS the ProEvolution series, which turns the sales tide in their favor. But the rewards they are getting because of that series (which are not as high as they used to be because of the lower quality of the game) are just the result of the pedigree the series got on the PS2.

So in conclusion, Konami used to take better decisions, but during this gen, is clear that Capcom has bet on the right projects.