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I do not think so for as long as there is Nintendo. there will be a gaming console.
If Nintendo ever dropped out then . ya i'd be worried!

but  then again  this wont happen for a long time because not everyone has access to internet . fast enough to sustain cloud gaming .   and there is still alot of collectors such as my self who  like to collect physical media.  in fact until the internet it self is free .  I do not see consoles going off the market in place of internet needed devices!