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Reasonings:

* Microsoft: They are the Borg, and threaten to take everything over.  They don't have a background in videogames, and really don't understand them.  RROD!

* Sony: They are arrogant.  They killed off Sega, complete with the brigade of smirking come lately fanboys who think the videogame industry started with what Sony did.  They are also like Microsoft in that they don't have a background in videogames.

* Nintendo: Kiddie game designers, who refuse to develop and promote mature stuff and release consoles that barely advance over what is now.

And that is the core of the arguments against each of the companies, minus some other elements I forgot.