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vkaraujo said:

How i see it. It needs to happen in this order.

1- After being dominated by the PS4, including USA, MS will get rid of Xbox brand and assets. No one will want to buy the whole game division, so it would most likely be dismembered among other major players (EA, Ubisoft, ACTVI could buy the dev teams, while the infrastructure goes for some one else).

2- Despite the absence of MS, most of that demand would be absorved by PS4. Like Psyduck said, Iwata would stay discredited and would be replaced for some one who would give up hardware and go mobile /third party.

3- Finally, PS4 would crumble under SONY weight, its success being far from enought to hold the massive company and their liabilities.

That would be the end of consoles at least. It needs to be in this order because
1) If SONY flops before MS, MS will stay
2) If both of them get out before Nintendo, Nintendo could face a resurgence

Colud face? LOL. If MS and Sony died all the companies would go to Nintendo if they want to stay in business. There be no choice but to auto win. No more kiddy image, if you got every FPS game.