It could just be that I'm so disconnected that I can't tell up from down anymore, but the entire console industry seems like it's lost a crap-ton of cultural relevance. Back during the PS1/PS2 era, gaming was the "it" thing. E3 dominated. Video games were pretty much the hottest thing on the planet, bar none.
But then things got weird. Wii happened. Grandmothers were waggling. Then ios and Angry Birds came along, followed by social media. And now... I just don't know. It sure feels like most of the buzz is gone; like the wind has been taken out of its sales and people have moved on.
Or, perhaps gaming has just gone the way of the smart phone. Been there, done that, nothing all that exciting. Another "thing" that we buy and do etc.
Who knows.