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Not at all.

While the PS4 will remain strong, exactly for the same reason as the PS2, the Xbox One is a serious contender to the PS4 unlike the Xbox which nobody wanted.

As for Nintendo, Gamecube was one of the best console out there, not only more powerful and beautiful than the PS2 but also had the best Good Exclusives/Releases ratio with lots of crazy third-party exclusives.
The Wii U is already outdated hardware, no third party or legacy game want it, so it's already and will be struggling but for good reasons this time.