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Thats not how things work and releasing in the year 2020 would not have solved anything.

  • In 2020 PC hardware will be able to run games at 8k@120fps, hardware cheap enough to put in a console would probably only manage 4k@60fps then. So that makes better hardware point moot. There will always be better hardware than what can go into a console as long as consoles are intended to hit a $3-$400 price point.
  • Console dev kits are only made available to devs 6-10 months before the release of the actual console. What that means is that even if you waited till 2030, a new console will still be a new console and still lack games in its first 12-18 months.
  • cross platform will always be a thing as long as the previous gen has a significantly higher install base than the new gen. You can't just ignore a potential combined market of 160M people (PS3/360) and invest completely in a budding market of a combined 13M people (PS4/XB1) especially considerring how expensive games are to make these days. Th PS4/XB1 will have to have a combined install base of say 20-25M people before publishers can safely abandon the previous gen.