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Are you talking about the Wii specifically?

Because I can't see anyone saying the HD consoles are on the downwards slope yet. So much amazing stuff to look forward to.

Also, saying the generation is alive and kicking because Zelda Wii, GT5, Final Fantasy 13, Halo Reach are still to come out is kinda false in my opinion. Im sure those titles will be great but no one can predict if established titles will have an impact this gen.
A game like Borderlands came out of nowhere and is a new IP and will probably get my game of the year vote...Dead Rising did it few years ago too. Both games are much better than an established heavy hitter like REsident Evil 5 this gen.