It's like 4 AM here right now, so my concentration isn't at it's best. However, I tried to skim through it, but those longer paragraphs made it really difficult. Would it be possible to split them into even smaller paragraphs? I don't think it's ever recommended to write that long paragraphs. And I mean this as friendly advice.
Anyway, from what I can tell from the text, the major concern it presents doesn't seem that big to me. It seems that the major concern is unfulfilled potential, and I don't really see it as a problem. It's unfortunate if consoles' potentials go unfulfilled, but as long as it's still adequately used, I don't see a problem. And more importantly, even if there was a problem, it seems to be a problem for console gaming and not gaming as a whole, like the title seems to imply.
That doesn't mean I like iterative consoles though. For me, they outright kill the strongest point consoles have, which is having the same capability for a console's lifetime. If upgraded models start coming out, I know I probably won't be content with the old model. But since the new model will cost more, there will be no point at which console gaming is cheap enough for me to even seriously consider. I get to play most games on PC, so I'm not really lost either if I don't have a console. There's other issues too, but this is the one I personally care the most about.
