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I will say this:  I don't care so much about there being exclusivity but I do miss the days of there being a clear cut winner.  I mean, in the PS1-PS2 days, EVERYBODY had a Sony console.  Some may have had an Xbox or a Gamecube and many people had N64's but you just knew that everyone had a PS1/PS2!!  That was a time when you could borrow any game from anybody, take it home and play it.  Now, half of my friends own a PS3 and half of them own a 360 and we're all too embarrassed to admit we own the Wii (which is dominating the market).

I guess if all of the big games were exclusive to one console, we'd all still be able to share games, experiences, and stories because we'd all own the same system (the one with the best games).  The way it is, every console on the market can lay claim to being the best in some form or another.