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I think OP is the opposite of right. With the market moving faster and faster and static products having to resort to more and more extra features, accessories, revisions and bells & whistles, cycles will become either shorter and more intense, or they will be eliminated, in principal at least. PS2 came out, dominated and rode the hem of a massive, global paradigm shift in games development, as well as the steer towards more western-centric games and gaming. It was the perfect storm with the perfect market conditions, and the slow penetration of HD TV in the beginning, as well as the UHD format wars and fairly slow start of blu-ray and HD-DVD helped it a whole lot.

In short; I disagree completely.