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Bayonetta would bomb on PS4/720 anyway just like Vanquish did on PS3/360 IMO.

There isn't a market for weird/mid-budget Japanese games on these types of consoles. It's already bad on PS3/360, it will only get worse in the future.

On Wii U, Platinum can make the game at a reasonable cost, have it get a lot of attention, and make sure they are well funded by Nintendo.