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Much more differences between 360 and PS3.
360 is a lower price.
PS3 does have blu ray, which for some games could mean significantly more content. However, it's access speeds are too slow to be as large of a plus as it could of been.

The Wii factor is totally ignored from the article.

There is reasons for another generation with multiple choices. The 360 and PS3 have trouble supporting 1080p for most games and full refresh rate. Something with blu ray capacities or more with higher transfer rates is to be expected. That said, doing pure digital distribution would be possible.

Aside from distribution, although pushing everything through online will improve, it's still not much more than flash games. It will never be the same experience as everything local. The best games will always work toward a specific platform, and the industry is too big not to have competition.

It's possible the number of platforms may decrease, but I don't see it going away for several generations short of many other major changes across the world...