I honestly would not mind if console generations became obsolete, and we transitioned into a period where generations are indiscrete with smaller upgrades. I'd rather have a Switch now and it be supported for a long time, and if I choose to upgrade the next console would still be able to run the same games but nicer. I want to play 10+ year old games on a console much like we can already do on PC.
The challenge in this, though, would be consumer confusion (I do think the custom-PC market would be larger if the choices on PC builds were streamlined). Something like a phone line, with 2-3 year upgrade iterations would be more consumer friendly and could still lead to success for hardware manufactures. I think Nintendo might legitimately go down this route with the Switch. A high-grade Switch, mid-tier Switch and introductory Switch could all coexist in the same market, I think, and they could all be upgraded every few years.
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