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Damnyouall said:

...And then the generation ends, your hdd breaks and you lose all your games.

DD saves your game history and download history.  Have you seriously never used Steam or Xbox Live?  I would likely have access to redownload my games for at  least 10 years following the purchase date.  Although I probably wouldn't play the games past 5 years anyway so it again does not pose much of a problem.