Gotta say no. Altough the $299 barrier is set for good, theres still a lot for the consoles to go, especially with Natal and Move, its hard to justify whether the consoles are making enough profit or not, im sure sony wants this gen to last quite a bit longer and wil convince move is the next step for this gen.
the xbox may have its last good year with Reach and GeOW3, but Natal should keep it up running and some new games can really change direction if its implemented well. The Wii is still going strong and hopefully nintendo makes the decision to reprise its franchises like star fox or pikmin.
Theres definitely room for another few years, HD is HD for a reason, and interest goes to 1080p is still in a low % of households, so unless every1 converted to HD, nintendo would have a reason or some new revolutionary technology in graphics and computing which would have to be pretty cheap to manufacture.
But nintendo, sony, and m$ want to hold onto profits b4 sales decline. Natal and Move was a smart move, nintendo should try to do the same.
Above I'm a proud Gran Turismo fan, not a Sony fanboy, and now a proud 360 owner, but sharing xbox live accts ATM
End of 2009 Predictions (made Jan 1, 2009): My predictions were pretty accurate, the 360 was over and the Wii was just under.
Wii: 65 mil (yea I'm crazy) 360: 35 mil (its getting there) PS3: 30 mil (the slim better do well)
End of 2010 Predictions (made Jan 7, 2010):
Wii: 81 mil 360: 47 mil PS3: 45 mil
