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Soundwave said:

....

Most popular IP likely would've been Western PC games I think. 

Not to be devil's advocate...but quite a few of most popular IPs in fact started as Western PC games...CoD, GTA, TES, Fallout, Battlefield, Minecraft, FarCry...to name a few...and what Sony (and consequently MS) gave them was new audience...with or without Nintendo.

One might argue that it would happen no matter what...yet one might argue that NA vg market would be quite fine no matter what as well.