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It's increasingly apparent that PS4 / Xbox One should have released last Fall, along with Wii U. Nintendo in theory could have capitalized on this by releasing a compelling product, but that didn't happen either. Industry is in for at least another hard 18 months. X360 / Wii / PS3 are saturated, PS4 / Xbox One are too expensive to succeed at launch, beyond 1-1.2m each in 2013. 

I'm seriously doubting anything in the US is going to top 4m (hw wise) in 2013 - first time in over a decade (high 3s for 3DS and X360). 



People are difficult to govern because they have too much knowledge.

When there are more laws, there are more criminals.

- Lao Tzu