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thx1139 said:

So what gives does Iwata have poor math skills. I have been playing Video Games since the 1970s when my brother got Pong and then when I got an Atari 2600.  That sure is more than 25 years.

THe "modern era" of video games refers to the post-crash period of 1985 and onward. It's a bit of a conceit, yes, but the GDC seems to like the idea of this "era" of gaming being 25 years old, so it's not just Nintendo.