You really think that in just 5 years the smartphone and tablet market will drive consoles out of business? I think this will be the last generation of handheld gaming only devices, but the market for home consoles have grown and will probably continue to grow this generation. I hope we see tablets becoming as powerful as the current consoles/pc but I don't see that happening for maybe 10 years+. And even then it's not as if the power inside computers/consoles will cease to grow - they will grow also and the gap will widen still.
And even with controllers, the small size of tablets will prevent it from being the gaming hub that t.v.'s and computers are. I suspect that computers as we know them will cease to exist. We're probably going to have t.v., pc, tablet hybrids, but that is not gonna be in the mainstream in less than a decade.
"Now, 4gb of ram is the norm for the better phones/tablets. The presence of even better GPU’s in these systems allow for many of the PS360 games to be ported to the phones and tablets with ease." Again, I seriously doubt that will happen in the timeframe you've given; my phone can barely run a DS emulator without turning into an oven and chugging through at less than 10fps and its specs are much more powerful than the DS's.
Also lol'd at power of the cloud. As long as we're getting screwed by internet providers with shit speeds and caps and internet is not universal (as in everyone has to get it) that's not gonna happen.
Essay Pro