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"That being said, I actually think that games have started reaching a "saturation point" of looking "good enough" with the current generation, i.e. further advances in graphics won't be as important to sell games down the road as advances in general game design and new kinds of gaming experiences will be. Microsoft's and Sony's respective visions of how to evolve the gaming experience with (more or less interesting) peripherals will probably be way more important than theoretical compute power."
That guy's post is perfection. I completely agree with him.

OT: Not totally sure what to say except that this is business, people get burned.