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A lack of generations prevents a clean break from the previous iteration of hardware. The strength of consoles had always been a unified platform that developers could maximize. In addition, it made it clear to consumers when software was compatible with a platform.

I don't see this change as a good thing. New hardware is going to be limited by software being required to run on older hardware. Which defeats the purpose of having improved hardware. Consoles are becoming too much like PCs and forgetting what made the console model a success.