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It's possible, but if it does happen, my bet is that it will be too late to matter. It's not like third-parties would suddenly switch from multiplatform development to PS3-exclusive development. From a third-party development perspective, this generation is already decided; the only thing still up for grabs is bragging rights.

(Motion control support is another matter entirely. There's no telling what will happen there, but my bet is that the Wii will have complete dominance over that market in terms of third-party support.)