I voted "no."
The longer this generation continues, the more the PS3 will shine. The PS3 has technical superiority over it's rivals allowing it to age more gracefully and a good number of exclusive franchises to rival Mario, Zelda, Samus and on. The PS3 may have had a rough going from 2006 until the price drops, but now that it has a more accessible entry price and blu ray discs gaining on DVDs, I can easily see the PS3 being bought for home movie viewing just as the PS2 was bought for watching DVDs. The PS3 as a multi-functional device with uses other than gaming is the main reason why the PS3 will gain steam like a locomotive the longer this gen continues.
The Xbox 360, while not far behind the PS3 in technical power just does not have the library of exclusives to define the Xbox experience other than Halo (I don't count Fable or Mass Effect because they are also PC games). A Halo game every 3 to 5 years will not assuage the fact that the 360 does not have a blu ray player to attract non-gaming customers who view a console purchase for their child or spouse as their movie player. Furthermore, the longer this generation continues, the more the 360's graphics will look dated pushing those bleeding edge hardcore types who place graphics as a top priority to either/both the PS3 or PC.
Nintendo as I have stated in many different posts, needs to end this generation come Holidays 2012 or 2013. The Wii has a great game library, but the arrival of Kinect and Move will encroach on the Wii's traditional customer base to a minor, uncomfortable extent. Coupled with a system that developers from Ubisoft deem as a "refurbished gamecube," Nintendo with the release of the 3DS needs to show 3rd party devs that Nintendo is serious again about making games with them. The 3DS will sate many 3rd party devs, but Nintendo needs to seal the deal with a new console kicking off the new gen ASAP.
