I'm no expert on Sega, but I would suspect that it is not nearly as influential within the gaming industry as it was during the glory days of the Genesis (Megadrive as it was known here in NZ).
One thing Sega had going for it back then was its dominant position in the arcade market, which it often exploited with some success to promote its consoles. The death of arcade gaming must have really hurt Sega IMO. Unlike companies such as Namco and Capcom, which rather successfully made the transition to a home console dominated industry, Sega was obviously handicapped back by the fact that it would only release its software on Sega consoles, which as we all know, sold rather poorly. This left Sega with a significantly smaller audience for its products, and the rest, they say, is history.
I believe that the industry has changed significantly since the Sega glory days and IMO it is not suitable anymore as a major player in hardware. I think that it needs to improve its software quality, because in that respect it is well behind the high standards of the 80's and 90's.
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