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Landguy said:

that's my generation and I could see doing it.  Maybe not on an ipad, but on a android or windows tablet maybe. 

I'm sure there is a future and market share will be stolen by these tablets.  However, I do not see the demise of the dedicated consoles in the near future.  Apple, Samsung, Amazon (they already have started buying studios), etc would have to buy studios to compete against Sony, Microsoft, and Nintendo.  I'll just be blunt and state that no matter what studios they buy that they will still have fierce competition from the big 3 because most small studios don't last long (usually have a one hit wonder then fade away (Zynga, Rovio, etc), can't make as good of games as bigger studios, or they get bought up by bigger 3rd party companies (EA) and dismantled.  I might be wrong but I don't see dedicated consoles going away for at least another 20+ years.  Most dedicated console gamers don't care too much about the games that are on Android and iOS marketplace (or they aren't good enough to play at home but perhaps to waste time when they are out).  Just look at Ouya sales.