SONY will break records, take a look at its 2011 line up from SCE. Its there biggest for the PS3 by far and will push at least 3-5 million each next year so you are looking at a good 30-50 million in software sales from SCE.

So peaking well not for sony

MS will have an dark year 

But Nintendo has 3DS now and will slow down Wii support so dont expect nintendo to bounce back soon. 

Activison has lost Guitar hero and tony hawk are dead and COD will die soon, they need to get some new franchise's

Take Two will have GTA5 and that will sell HUGE bigger than GT4 just like GTA San Andreas, the GTA to define the console for Rockstar hopefully  

I concur. I will be replaying Fallout: New Vegas and Fable 3 for my 360 well into 2011. Microsoft needs to step it up or end it quickly with a new console kicking off the next gen.

Guys, I have the full data. I really think PS3 software is peaking now - only two to three publishers are set to have record years on PS3 in 2010. Everyone else had better years in 2008 / 2009 as was the case for the other systems.

PS3 / Wii / DS / PSP (and presumably X360 - but Microsoft doesnt give the needed figures) are all seeing users purchase fewer and fewer games per year on average - and so we're now reaching the point where that deterioration is faster than hw increases. Wii reached that point in the year to March 2009, and PS3 is reaching it now, in the year to March 2011 it looks like. DS / PSP both reached it in the year to March 2009 too - which is why every publisher had record years in 2008-2009 on these systems save for a couple who may do it this year.

Overall software sales for the Wii look to have peaked earlier than the Xbox 360 and PS3. http://www.vgchartz.com/yearly.php 

I suspect that this year might be the peak for one or both of the HD consoles, however theres also a chance the Move and Kinect accessories might peak interest just enough to keep the software sales flat or slightly raised YOY even as overall traditional software may start showing declines, like for instance the regular sports series.

There is no question Wii peaked earlier, but that doesn't mean PS3 / X360 aren't peaking now. It really looks like there will be no more than three third parties on X360 / Wii / PS3 to see record sales on those individual systems in 2010. Kinect / Move bases won't be big enough to revive that this year and so the publishers are in the typical downward spiral until the next round of systems comes.

I blame economy!

How does this square with this recent interview with EA CEO?

http://www.gamasutra.com/view/news/30444/EA_CEO_Optimistic_About_Industry_Company_Growth.php

“I think there’s more of a cloud over the industry for the lack of certainty than what those of us in the industry feel is real,” he said. “I really do see opportunity... we really do see 20% growth in the first half on high definition game consoles, where we concentrate our business. We really do see burgeoning digital growth ... It doesn’t feel like a recession to me.”

I think you underestimate Capcom. Monster Hunter alone could do 4 million and that leaves Dead Rising 2 and whatever else to make up the remaining 1.5 million.

The market definately needs new consoles . It has reached saturation point, with too many new games being released and a huge market of discounted or pre-owned cheap older titles for new users to sink their teeth in . Apart from the 4-5 huge franchises every other new game has a problem selling well ,IMO.

The 360 is entering its 6th year and the wii/ps3 their 5th , the normal thing would be to have at least a new console next year but i doubt that this will happen.

I dont think you'll see new consoles until 2012-13.

Also interesing PS3 is peaking already, since it's supposed to last ten years and all.