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I think the importance of exclusives honestly is a bit overrated. You need to have *variety* and developer support. People buy a console to invest in the ecosystem, not just for 1 or 2 games. 

It's why the Playstation beat the N64, even though the N64 had arguably 3 of the 4 "landmark" exclusives of the gen (Mario 64, GoldenEye, and Zelda: OoT).

People by and large want to pick and choose what they want to play, not to be told "hey play this 1 game for the next two months".