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I find generations to be a funny topic. Video games have so many aspects that are not fully understood or universal due to the secretive nature of the big video game publishers.
The SEGA Dreamcast released in 1998 when the n64 was in 1996. Different generations.
The DS released 4 years after the gameboy advance and in the same a year as the psp and the power difference between the two was staggering. The wii was far behind the 360 and ps3 but they are the same generation.

I had a similar discovery with the term 2nd party. A group of wildly different people couldn't figure out what they think it is. Is a 2nd party game able to be 2nd party if it's made by a major company or does it have to be a smaller company, what the hell makes it a 2nd party studio? Why do we have this term when it's not releveant in film or tv as everything is outsourced there.
The endless weirdness that exists in video games and their terminology.

Here's a pretty good video on it and even they are struggling with console generations after a lot of research and planning in making their video.
https://www.youtube.com/watch?v=IEeEROc0bY8