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Didnt they try to enter the biz last time with the Apple Pippin? IMO its not a good idea for more than 2-3 consoles to enter.

Remember the the 2nd gen? all perished

3rd gen Atari 7800, NES, Master System, and the Epoch Cassette Vision
guess which two survived?

Again with the 4th gen with the NES, PCEngine, Genesis, NeoGeo
you know who died.

5th gen N64, PS1 only lasted and this is when Sega started struggling, and the other consoles like the 3DO didnt stand a chance.

5th gen Sega met their demise The Phantom died a stillbirth (sort of) the xbox could have died if it wasnt for MS big wallet and the CG-although sold significantly less still made a profit. PS2 obviously soard to success.