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It's only natural that the market will see a contraction at some point, particularly when the Wii provided such a boost last gen. It's like saying that every new Call of Duty game is forever going to outsell the last. At some point there will be a decline unless something new, different, or major takes place. People also need to take things like Japan no longer being a major player in the console race into account.

Unless something unforeseen happens, like Project Morpheus being some unexpected success or this gen lasting much longer than many of us think it will, then I have little doubt that this generation's total console sales will not match the last.