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I think it all depends on the NGP, if it turns out to be a huge success and sells well over a 100 million then we could very well see the end of home consoles. Portable is the future, rarely anyone in Japan uses computers for the internet, they do most of the internet browsing on there cell phones.

Here's a fun idea of what handhelds of the future could be if home consoles are eliminated, the biggest problem a lot of people are going to have with that is I think screen size, not to many people want to play a big epic game on such a tiny screen, so maybe there can be a wireless option that you can display the picture and sound on tv's? that would be not to bad, that way it's kinda portable and a home console at the same time. Win win!