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Kind of an aside to this topic but i think one of the consequences of Nintendo splitting the market this generation by producing a significantly less powerful console is that both Sony and Microsoft are going to be a little careful about producing consoles way above the specs of WiiII.

They were confident at the start of this gen that Nintendo was a virtual non-entity but going into the next gen they are going to be much more wary about producing a console that is a) much more expensive b) has significantly different specs. With the momentum that Nintendo has now and is likely to maintain until the end of the generation if the HD twins differentiate themselves too much from Nintendo i think they risk sacrificing a lot of developer support. The upshot of all this is i think most of the next-gen contenders will have relatively similar specs, a least closer than they are this gen. Whether that's 720p or 1080p as a standard remains to be seen.