I will start this by saying I don't believe any of the consoles will be failures. That being said I do believe that all the new consoles will have the same growing pains as the WiiU is currently having. The economy sucks, it will continue to suck if the economist are correct in that we will see less than 3% growth (US) for the foreseeable future. So the sales of the new console will be cannibalized by the last gen until the libraries of each console become established. The promise of games no longer really sell hardware, the software being out does. So until then the consoles will the large library of games and cheaper prices will sell better then the new console who don't have the software and will have a larger entry price.
That is unless the companies stop selling the consoles as soon as the new ones come out, but that runs risks.
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