Meh. Sony's still around and kicking, despite a terrible PS3 launch, a bland PSP launch and a Vita crash and burn. These companies survive because they know how to make adjustments. None of them threw money at bad money. Nintendo will be fine, they just rushed to the party before even they were fully dressed. They'll get their stride back.
As for the OP, regarding smartphones/android, a fairly small percentage of people are actually doing any gaming on these devices, and if they are, even a smaller percentage are willing to buy "paid" games. We don't really need the KFC Biscuit bowl of entertainment. 4G is still barely available in most areas, and streaming movies on 3G is as painful as horse sex. Most people are using basic (non-game) apps. Until the wireless/cell data infrastructure is greatly improved, we have at LEAST 2 more generations of gaming before these suggestions are relevant.
The Carnival of Shadows - Folk Punk from Asbury Park, New Jersey
http://www.thecarnivalofshadows.com
