In my opinion, the industry as a whole will not die, but unless the consoles' digital stores get competitive enough to face Steam, PC will replace the consoles. You can get tons of games on Steam for a ridiculous price. I saw the whole Sonic and Tomb Raider series (ALL of them, including Generations and TR 2013), for $10 each, if I'm not mistaken. Steambox will most likely change everything.
That's what I think, honestly.








