When there are no more quality titles and the final console sells nothing but ports from other consoles, that's when I think the generation is over.
Think of when the PS2 released. The PSX was still getting titles like Dragon Warrior 7, Breath of Fire 4, Final Fantasy Origins, Arc the Lad Collection, Mega Man X 6, etc. When the PS3 released, PS2 was still getting titles like God Hand, God of War 2, Persona 4, Persona 3, Budokai Tenkaichi 3, Yakuza 2, .hack//G.U, etc, etc, etc.
The PS2 kept getting good games well over a year.
The PS3 for sure and maybe the 360 will keep getting exclusives well past their releases. Hopefully Sega gives us fans in the US Yakuza 5. Yakuza 2 came out in 2008, almost two years after the PS3, so there's always hope.
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