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Well, I think it depends on how you define "dominate". Although I am a MS fan, I admit that PS4 has the biggest chance to lead in the next gen, but still far away from domination. I even don't think we will see a dominate like what PS/PS2 did in the previous generations.

I really expect all consoles from MS/Sony/Nintendo sell well to hold the traditional video game industry. I hate Google/Apple to step into this market or steal people's attention from the dedicated gaming devices.