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Are you talking about console gaming specifically now or also smartphone and PC gaming?

If one thing, smartphone gaming is on the rise, if anything. And PC gaming is still growing in China and South Korea, and is already huge here.

For smartphone/PC gaming I can not see it dying off anytime ever. With this I mean that nothing at all indicates this, at least not where I live at(China).

Console gaming might die yes, as in being replaced by Android-style consoles such as Ouya. I think we will see a lot of those in the future. There will be at least two serious consoles like this releasing in China this year. If they are successful other Chinese companies will want to follow, for sure.

And I can see a console like this taking over the console market in the west also. When I don't know but I do think this is the future indeed.