I think motion control for Sony and MS is good for everyone. It will push Nintendo as well to stay on their toes and also to bring out a Wii successor probably sooner than they would have otherwise. Everyone wins IMO.
That said, there are some realities to consider.
1.) By the time next April/May/June (spring 2010) actually rolls around and Natal and Sony Wand are actually released (if they're not delayed), Nintendo will already have sold probably close to 70 million Wii systems. A lot of the market for motion gaming has already been gobbled up by Nintendo because they'll have had almost a 4-year head start.
2.) How much is all this going to cost? Even if the PS3 drops to $299.99 next year, 2 wands + Eye Toy Camera probably runs you an extra $120+. So now you're back in the $400+ range. Nintendo drops Wii to $199.99 ... a lot of people are just going to go for the option 1/2 the price. Ditto for Microsoft, Natal likely adds at least $100 more to the 360 price and it isn't neccessarily a direct replacement for the Wiimote (not without its own wand ... which if MS adds to the package is likely another $40).
3.) Add-ons are a tough sell as is, but add-ons for systems that have both been on the market for over 3 years is really, really tough. The 360 turns 5-years-old next year, the PS3 turns 4-years-old. Late gen add-ons have not been very successful in the past.
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