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SWA_JM_Obi-Wan said:
It's expensive to develope for HD consoles now, as each year in a gen oges by Software development gets cheaper. I also think your GTA, GT, MGS remark is a little short sided. the PS2 ahd AAA games throughout it's entire lifespan.

 These AAA games matter to the "hardcore" gamers that buy many games each year.  The hardcore market is the miniority though.  And unless the hardcore market grows than hardcore games will become fewer and further between as the rising development costs can't survive when being sold to a stagnant crowd.