all 3 major players, MS, Sony and Nintendo are going to take a significant sales loss this generation. Nintendo will take the worst of it, as they offer little to no reason for a casual to get a Wii U.
The other companies will see a shrunk market, as the loyal Nintendo fanbase won't need a 2nd HD console in their house this gen.
From my personal perspective, this generation of gaming bores me to tears. There is so little innovation and so much rehash that this is what the industry deserves for being so unimaginative. Expect to see all but the biggest studios close shop.

The Carnival of Shadows - Folk Punk from Asbury Park, New Jersey
http://www.thecarnivalofshadows.com
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