PS3 doesn't count. Wii is already last gen for Ninty and it'll take several years before PS3 overtakes Wii. And it's not certain it will.
I think something disastrous has to happen to Sony, or console gaming over all, for Sony to not come out on top in gen 8. If console gaming in general nose dives because a lot of people will just stick with what they've got and move to mobile platforms, then Wii U could end up winning purely because they launched first and they have what could be an unassailable lead for a generation whose winning platform will only sell a total of 30-40 million units.
I don't think console gaming is dying. But I do think it is shrinking. I don't think any console will sell more than 80 million units this generation. Mark this post and come back to it in 6 year's time.
“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.” - Bertrand Russell
"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
