I don't think there's much of a future in completely traditional consoles. Microsoft is experiencing that now. Eventually, Sony will feel the effects too. People don't want to be limited in how they can access their games library to TV only. I think Sony figures this out though and releases a handheld that in some sort of way can play the same games you've purchases for ps4/ps5 on the go as well using cloud saves.
Not saying tv gaming won't be popular for a long time. In fact, I think it will be. But that's not how i think we are defining a traditional console. We are defining it by a console that uses an architecture that wouldn't be conducive to a handheld brother or sister that plays the same games. Eventually, Nintendo comes out with a device that plugs directly into the TV that has more power than their current handheld but shares a similar architecture.
