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Mobile gaming will cut into handheld console gaming just as much as PC gaming cuts into consoles, if not less (since they're vastly different audiences mobile gaming vs. handheld console gaming.) I play a few games on my android phone, but it doesn't mean I won't own my 3DS and eventually a Vita (if it gets games I want.) The same holds true for any other gamer. Meanwhile, PC gaming is preventing me from getting a PS4 or XBONE because the type of games and experiences are similar. So mobile gaming will not cut into the handheld market as people like to say it will. They have a different audience (which might overlap by person count) and provide a different experience. As for tablet gaming, it will likely merge with PC gaming.