I will say that lest gen ended early for all players, but it had to. sony was smothering the competition and we had lost one classic console maker, the second place console maker signed a contract to get part early that pretty much guaranteed they would never make money on the unit, and nintendo was having such a bad time that even at 99 dollars and with good games they could not get people to buy their console.
this generation should be the longest generation in terms of no new mainstream consoles coming out. we should see this generation drag on until at earliest 2012. this will allow the lengthened development cycles to catch up and produce those 2 and 3rd generation games that we acclaim were so great. on top of that it would allow the base for each console to grow to truly allow for profitable experimentation on one platform. it will end as the healthiest generation with each console maker and game producer making more money then it would have if one console had dominated and allow for more ideas to be brought to the forefront.
however all of the above only applies if they do hold off until 2012 bare minimum to launch a completely new console from one of the major players 2014 would be better, cause remember money is in the games not the console.
now on a personal note, while not the best generation this time neither was last generation. ID have to say the SNES generation was the best. the NES may have been my baptism into gaming and had what i feel is the best mario game ever (super mario brothers 3), and the PS1 generation may have been my first real understanding of 3d as a game platform and my FPS training. the PS2 generation had 2 consoles (dreamcast and xbox) that pushed me into the world of online play and introduced new sub genres and vast refinements in play. but none of those come to the birth of gaming types and fun had with the SNES
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