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People like to say tablets and smartphones are eating into the dedicated gaming market.  I think the opposite.  I think they are a fad and in fact are a gateway that will lead to more people picking up dedicated gaming systems.  Tablet games are simple.  Many people who enjoy them will likely want something more complex after a while.  The tablet craze is relatively new.  Like the Wii, I think swiping fingers on a screen will be boring after a few more years.  Especially with the price.  I think as Wii U takes off and the other next gens launch many consumers will wonder why they are bothering with the limited specs when they can have a much better experience.

I think a good case study is Japan, where a decade ago you could play Final Fantasy IV - the after years on your cell phone.  Games like that weren't available here.  But it was more of a fad.  Today, the dedicated handheld market is absolutley massive in Japan.

Just my thoughts.