I would have said no, but I would be forgetting the release of the 3DS which will prove to be a critical point in gaming and how we perceive the possibility of 3D gaming without having to pay $3000 for a Sony 3D TV and $100 for a pair of 3D glasses.

The exclusives and core titles will do well, but my eye is on what kind of and the extent of the impact the Kinect and Move will have in broadening the customer base of both Microsoft and Sony.

Will Move and Kinect prove to be the Blue Ocean tsunami that slams Nintendo to the point where Nintendo gets serious on catering to core gamers again? We will see.

My prediction, 2011 will be the year of the PS3. Another price cut, the Move bundle, and a whole slew of good games in comparison to Microsoft.

As for the Big N, I predict they will drop the Wii 2 announcement at 2011 E3., which will have HD and graphics power rivaling the PS3 and Xbox 360 in 2012. I could be wrong.

Most likely these will be relased as well making 2011 the best year of this generation:

Elders Scrolls 5 or Fallout 4 - I'm pretty sure Bethsesda is working on one of them for fall 2011 release
GTA V (or whatever it's called) - will probably be released in Fall
Modern Warfare 3 - probably November as usual for CoD depsite all the Infinity Ward trouble
Hitman 5- Rumoured for November 2011 release
Half-Life (Episode) 3 - they've been working on it for years - around November i guess
Pikmin 3 - could be Nintendo's big Holiday title?

Diablo III? I doubt it. More like 2012 or even 2013.

Going to be a Bigger year then 2010 For Me For sure.

PS3 2011- Price cut!

-The last Guardian

-Infamous 2!

-FFvs13

-Agent

-Uncharted 3!?!?!

Killzone 3! (BestGameof2011 i already know! Maybe)

360 2011-Price cut!

-Gears of war3!!!

- Kingdoms ??

- interesting Kinect games?!?

Wii 2011- Price Cut!?!?

Zelda!!!!

Wii HD?!

-All else

-Fallout4 !??!?!?!?!??!

-Elder Scrolls V ?!!!!!!!!!!!!!!!!!!!!!!!!!!!!?

-GTAV !????????????

-Crysis 2

- New Mario!?

-PSP2?!?

-3DS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

- BatmanAA2!

-Rage

-Dragon Age 2

and i can go on and on, but its sure to be a exciting year with lots Of News, good games, and price cuts! 

Could definitly be bigger. When I look at 2008, 2009 and 2010 every year was bigger (for me) than the previous one.

It's indeed great for us gamers, I think, although I probably won't have the money and especially the time to buy and play all these great games on day one. I will have to buy some when they're cheaper, sadly...