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'Core' gaming would have remained on PC and consoles would have remained more arcadey/kiddie/casual than what we have now but not as much as they were prior to Sony. Sony is the one who broadened the market to more adult gamers but it would have happened anyway just slower and the core market much more dominated by PC.

Smartphones/tablets would still be eroding Nintendo/Sega's market and probably at a quicker pace than it is now with PS3/360 which still supports games mobile devices can't match.