if you're up for it, then hellz yeah.
Just look around at some of the forum posts around here.
Off the top of my head, there are several factors we can add in.
1) You start off as a company, either Sony, MS, or Nintendo, or some fake ones too if you wish.
2) You start off with a budget and you have to spend it on R&D for a new system
3) How much money are you going to budget into the hardware? Graphics? Controller? Home Theatre Features? How long are you expecting the the system to last?
1st Party Software? How much are you going to contract out to 2nd Party Companies? 3rd Party exclusives?
4) Distribution of systems: Where are you going to ship your systems? USA? Japan? "Other"? How much to each region? What's your price point? Bundles?
5) How are you going to advertise your system? To young people? Old people? Rich people? Each demographic has certain advantages and disadvantages. There are more young people, but they like better graphics, but they are poor. Old people have more money and like home theatre features, but their game attach rate might not be as high, etc.
6) Different Regions have different tastes - USA and Europe really likes FPS, whereas Japan really likes Sim and RPG type games. How will that affect the design of the console and how you're going to gear your image in each region?
Then the game will progress month-to-month and you can see the sales figures go. Then as the player you can check the fake vgchartz and see your console selling more or not. Or you can check the fake news to see if certain regions are taking well to your new console.
Of course the goal of the game is to sell the most consoles (and make the most money). This will be determined by how well your system fits the needs of your demographic and how well it spans across different demographics. Of course, if your system is in direct competition with another system, then it starts to get interesting.
then you can insert randomizers per month (i.e. buggy game, needs patch, or super violent game spurs parental action groups, or some positive things like "doctors prefer system X because its healthier, etc")
::EDIT::
Are we freaking serious about this? Hell, why not go for the whole shebang then and shamelessly plug VG Chartz, put it up so people can play and download it and then go to VG Chartz for real and then VG Chartz can make money off ads!
You wouldn't be able to make the game a commercial product if you were going to use the real names of MS, Sony, or Nintendo though. But cheap knockoff spoof names would probably be ok
