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I regard the PS1/N64/Saturn generation as the best so far. Why? Because it was innovative. The transition from 2D to 3D revolutionised gaming - and not just from a graphical perspective, indeed, certain 2D games at the time had more realistic looking graphics than the 'squarish' look typical of games such the original Virtua Fighter. The 3D transition was more revolutionary because of how it affected gameplay, it presented new possibilites and untapped potential. It was not neccesarily spearheaded by consoles as the arcades and PC's also contributed significantly.

Although I regard 2001 as perhaps the best single year of gaming, IMO, the Xbox/PS2/Gamecube generation was a victim of 'sequalitis'. Companies failed to innovate and were content to rely on their cash cows to advance the industry. Furthermore the jump from the earlier generation was not nearly as significant as the 3D revolution. This is in part, why I am so enthusiastic about Nintendo's new direction and the outcome of the current generation, if this philosophy is fulfilled. They are the only company with the nous to realise the stagnant direction in which gaming was headed and have led the way into a new paradigm for the gaming industry to follow - A paradigm shift that we have not seen the likes of since the first era of 3D gaming.