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1. MS to sell gaming licenses to Sony for huge profits and MS go back to making PC games and computer software.
2. Sega to re-enter console market with Dreamcast 2.
3. Maybe Apple to enter the console gaming market with I gaming machine.

^ Some of the wonderful rumours people spread, lol. Its highly unlikely MS and Sony will team up on a gaming console. MS entered the video game market just to slow down Sony's dominance by just putting a foot in the door.