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To a certain extent, yes. When a Mario game comes out, we know it is Mario. When a Pokemon game comes out, we know it is pokemon. They are, like many long-lasting IPs, working with a formula. Gaming has come a long way. From the days where FX chips were the greatest gaming technology to the 1080p, 60fps we have today and the games grow with that technology. They grow old together, making their own advancements or in some cases backtracks.

I think games will be new again when the group of developers from the start of the NES days are retired or sadly deceased. So yes I mean Sakurai, Miyamoto, Iwata, Horii, Inafune, and so on. That is when new, younger creators ,just like Shiggy Miyamoto or Yuji Horii once were, to take the reigns of game companies. Recall when Iwata was appointed CEO of Nintendo of Japan along with Reggie? Nintendo, then, was known for the 64 and gameboy and Yamauchi didn't know where to take the company? Iwata was chosen and after a rough but successful start(NGC/GBA era) he brought Nintendo into the DS and Wii era and changed gaming just as the NES changed gaming 25+ years ago. It is a cycle, a cycle that we haven't started over just yet.