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I personally am not a big fan of Iterative consoles due to a few things.

1) Does this mean we won't have generations anymore? If that is the case, what is the cut off point because eventually, old technology will be holding games back enough that the devs would want to not develop for it anymore.

2) When will we see the next iteration? Is it going to be every 4 years? Every 2 years? One of the reasons I buy a console is because I will have the best experience available on that console for 5+ years... But something like this would mean that the publishers would show this nice looking trailer but if I have the older version of the console... Suddenly, I probably won't be having that zomg experience which was shown... We have seen games on both ps4 and xbox one perform sub 30fps, sometimes even going below 20s which is a huge issue. Because if devs will develop games for both and ps4/x1 is 20fps vs Neo/Scorpio is 30+ with significantly better graphics... That is not a good thing imo.

3) How much backpaddling is there going to be? Both Sony and MS said here won't be any exclusives but will they really keep their promise cause both have broken promises a few times in the past...

We will see how they handle it but I m not very confident



                  

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