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He makes some valid points. Though I think for anyone to say that Microsoft and Sony only focus on graphics and don't innovate is narrow minded.
I agree that it's all about games but what I think the consoles represent is an avenue or a choice for someone who wants to play modern games but has a limited budget.

It would be ideal if everyone could afford gaming rigs, portables and tablets at the same time but it's simply not the case for most people therefore I predict that consoles will be here to stay for the foreseeable future.