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mike_intellivision said:
Another factor to consider ... Nintendo generally has more and better first-party titles than Sony or Microsoft.

So Phil is speaking the truth -- it's better for third-parties here because we aren't as strong in game development.

Mike from Morgantown

 Is that really so though?  Having more good games means you are more interested in playing good games and more people are going to be gaming... and Nintendo's games while high quality don't cover every genre.