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I agree with everything he said. EXCEPT one of the big 3 dropping out. I think they'll push on a generation or two yet. The push for more power and the expectations it created has caused an unrealistic and expensive expectation that every game should be a Triple A game. Just like how it was with Hollywood a few years back.

They're trying to mitigate this with DLC but I don't see that working, and indie games haven't really caught on console scene wise.