In a way he is right, as new consoles will be fewer and further between because its difficult to present a difference between systems that justifies their price tag. Every new console is facing that problem and so will the PS4 and X720. So, yes, the market has reached maturity in its current form and is starting to decline. Of course, this decline is slight, but the market as he also pointed out will continue to be profitable and the FPS bubble will eventually burst. But, that will just throw the bleeding costumers into other genres.
The hardware market is definitly falling but the software one still has alot of potencial. It now will become about the quality of the products instead of just throwing the next graphical beast. It might actually be for the best.

Sorry, I couldn't make it past his wearing sunglasses in doors and a Bathory t-shirt. Yes, yes, you're so kvlt.

Wait til November people

Anything within reason is possible. Why not this?

I won't bet on it happening soon, though... who knows. Time will tell.

People will move on to the other next big thing in gaming. Shooters are still popular, they're not going anytime soon. There won't just be an exodus from shooters, if it ever falls it will most likely be caused by other emerging genres, its a normal cycle that also caused the fall of other genres. Don't listen to sensationalist dooming youtubers.

Logically the release of next gen consoles will post YOY improvement

I agree with that, all I'm saying is that it's a possibility. People could go to RPGs, RTS, Racing, whatever, the point is that what happens if people do not migrate. I don't expect a video game crash, but I do expect a relatively fall in it's popularity (regardless of game genres, smartphones, etc).

He's like... Dennis Miller without the funny or talent. Somebody tell this Danzig wannabe cursing doesn't make you look cool.

I feel like the crash happened in the 80s because video games at the time sucked. Games didn't become gripping until the mid and late 80s.

I do feel the industry is changing. We'll probably see less focus on big budget releases and more smaller budget digital releases. This isn't necessarily a bad thing. The studios putting out the best games will succeed and studios making mediocre games will continue to disappear.

I doubt it.
Like someone else said, other genres will take over for shooters. There will be a platforming revival, then another shooter revival. When new technologies are introduced, new games will take over. Nintendo, MS, and Sony are all bringing new ideas to the table, and those will allow for revitalizing of genres and new experiences.

Well gaming already is, it's just rather slow at the moment.
If you look at recent profit reports from companies such as Sony and Square Enix, combined with the bankrupcy of THQ and the overall massive loss every published made during the recession, gaming is definitely going through a bumpy era and if Devs and Pubs are not careful, gaming will have a huge crash.

But who is surprised? The market has changed with the emergence of mobile and casual fbook gaming, and the console guys did nothing, and because of publishers being stupid, they limited the PC devs to stay at the same pace of the consoles thus limiting their potential as well. The result? Damn big drops in profit or even losses.