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I think kirby007's prediction is right, but for all of the wrong reasons.  Home consoles will die, because people will prefer hybrid consoles.  Nintendo will continue to capture bigger pieces of the console market until competitors come along with their own hybrid.  It would probably be more accurate to simply say that hybrids will replace home consoles and then that will be the new norm.

However, PC gaming cannot kill consoles.  People have been predicting this would happen for about 40 years now.  They are two different animals.  The same logic applies to mobile gaming.