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150 is really not that many at this point in time ...

A large portion of PS3 and XBox 360 games took 3 (or more) years to produce, with the level of graphics people are expecting from the PS4 that will (probably) be the norm for that platform (with big budget games potentially taking 4+ years), and you usually see 200+ games released every year for a platform that has strong third party support.

Essentially, 150 development teams could probably produce 150 games a year for the Nintendo DS, 100 games a year for the Wii/3DS/PSP, 50 to 75 games a year for the PS3/XBox 360/Wii U/PS-Vita, or 25 to 50 games a year for the PS4/'XBox 720' ...