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well,a guy who is trying to sell a new product with almost no future is describing just the scenario his product needs to be succesfull.-how surprising!

but I think he is right ,but in a completely different way.
If the graphics of the next gen are as strong as I suppose it really could be the last Gen because the graphic level will be so high that there will be no need for another gen.
The closer you get to the max,the more expensive is any further step and the less room you have to improve.
imo crysis 3 (pc)looks very good and some in game scenes could be used in cgi movies and noone will complain and most won't even realize that it is realtime.

Yes there are interessting things like raytracing or voxel engines(not minecraft) but they don't look
so much better to make me buy buy a ps560.
I like great graphics but I don't need more than games that look like crysis3(and there may be even better looking games)and I think most will think the same way.
And no-i'm not interessted in photorealistic graphics(if i was i wouldn't watch current cgi movies).As soon as games or cgi movies come close to photorealistic
people won't honour the high graphic level(maybe the very first will be a sensation)-instead people will start to compare the graphics with reality and real movies and they will find out that the
photorealistic games does not look as reality (too perfect,too sterile),missing all these little things that makes nature unique.

(maybe i'm wrong and there will be a ps560,but this will be definitivly the last gen because of the high graphic standard.)