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As vister has already pointed out, we can never quite have enough power. There will always be some sort of software dev that will break whatever hardware we have out there.

I do get what you are talking about though, and the closest we will get to any kinda equilibrium is "its good enough". Which is what happened last gen and will happen this gen too. And all it would mean is that we would shift from a 5yr console cycle to a 7/8yr cycle and then one day to a 10yr cycle and so on.