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Pardon me if this was posted before in this thread, because I haven't look through a lot, but I did stumble across this animated GIF that seems to do a good job summing up how things have gone:

Seems companies never do what the core gamers want.

By the way, why am I reading Microsoft is having a 4 hour long presentation?  

http://www.cnn.com/2012/06/01/tech/gaming-gadgets/e3-preview/index.html?hpt=hp_c2

On the software front for the Xbox 360, "Halo 4" will be showcased in a four-hour event with its new developer, 343 Industries, and the return of Master Chief as the main character. The game is due out in November. Other exclusive, unannounced titles for the Microsoft console and Kinect are also expected -- although some franchises may be holding out for a next-generation console in a year or so.