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So let me see if I understand this right. This very smart business man wants to be snarky and so to win a few laughs with a quip he declares their technology will not only ignore the Wii U with a minimum of 4-5 million customers by next Christmas, but also will ignore 150 million PS3/Xbox360 customers, and 200 million or so smartphone customers. (UE3 ran even on the iPhone 3GS)

Dude is so awesome that he can turn up his nose at 355 million customers, then more power to him. I'm sure with a market that size that someone, somewhere will fill the gap. In the meantime I'm sure people will be lining up out the door to license an engine that will require a massive financial investment to make games for but apparently won't be able to sell or run them on much of anything since it is so amazingly "next gen".

Suppose both the next Xbox and PS4 have the perfect launch at the perfect price point. How big of a market do you think there will be for them by next Christmas? Does the smart business person turn their nose up at 355 million customers to declare how they have the best graphics for perhaps 5-8 million customers?

How smart is that?