What are you talking about?  The NES had plenty of fantastic games.  As did the Game Boy Advance, despite having no real competition.

No motivation for better consoles?  I point you, sir, to Blu-Ray.  Last I checked, everyone was perfectly happy developing for DVD exclusively.

@bobologna: Damn straight!

-Sony is able to have a profit on a 300$ ps3 slim.
-MGS5 announced ps3 exclusive
-MGS4 gets a trophy patch
-Ps2 backwards compatibility through emulation
-Both GT5 and GOW3 arrive in 2009, as well as R&C and U2
PSN cards are now available worldwide
-Bethesda brings pc gamers the Elder Scrolls V
-Maxis brings pc gamers a true SimCity 5

These are my highest realistic expectations for Nintendo:

- Pikmin 3 impresses everyone, releases this year
- Sin and Punishment 2 dated for later this year
- Pilotwings announced for Holiday '09/early 2010
- Wii Fit Plus uses MotionPlus well, justifies purchase
- Rest of Wii Sports Resort games are actually cool, no rehashes like Golf
- Capped off with a Zelda teaser

Maybe Pilotwings will be too much, and all these games need to be using MotionPlus, of course.

And that's just for the Wii side. Someone else can talk about DSi.

Nintendo has to compete for success in a dying industry, even if there was no real console competition. As for the GBA, it was good, but it could have been a lot better. The DS is a perfect example of how competition has helped a lot.

MS -

- Lost Odyssey 2 this fall
- Magna Carta 2 will actually be good

Sony -

- Valkyria Chronicles 2 (or any VC in any form)
- Folklore 2
- Final Fantasy 3D remakes on the PSP

Nintendo -

- MadWorld 2

Multi -

- VanillaWare does a PSN/XBLA/Wii game

Some of these woul be more suited for TGS rather than E3, but whatever.


Sony

Twisted Metal official announcement (won't happen, confirmed by Jaffe)

All PSP games become downloadable, and playable on PS3

Return of The Leged of Dragoon

Announcement of Metal Gear Solid 5 and/or Metal Gear I & II remakes

Tales of Destiny 1&2 PS2 and Tales of Rebirth announced for Western release


Microsoft

Half-Life 2: Episode 3 dated for 2009

Portal 2 firt look/trailer

Anything from Mistwalker


Nintendo

Golden Sun 3

In-house developed Wario Land 5

Zelda Wii

VC for DSi

Success and Atlus announce "The Dark Spire 2" with a simultanions Western and Japanese release

Dragon Quest IX & X are being localized and marketed by Nintendo; 2009 release date for DQIX

Dragon Quest VII DS, and Dragon Quest I-III enhanced ports onto WiiWare

Final Fantasy VI on virtual console in 2009


Other

Next SMT game (I don't care what platform)

Square Enix decides to drop their spinoff strategy for main series Final Fantasy games

There are two things I want from this years E3. Innovation and beauty. With very few exceptions, I won't get it.

Team Ico's new game might possibly satisfy my lust for beauty if it's shown, and hopefully Valve or Nintendo can come up with something truly innovative, though I doubt it.

The only conventional game that I am currently interested in is Half Life 2: Episode 3

These are kinda unlikely, and atleast one is pretty much impossible, but here we go

Sony -
Trico release date
continuation of Valkyria in some way
Demon's Souls released in NA in August

Ninty-
Mother 4 (I know, never happen, but I can still dream)
a new Zelda would be fun

MS-
doesn't affect me I'm afraid

SORNY:
legend of the dragoon 2 2009
suikoden 6 2009
gow 3 or gt5 before this christmas (i dont like this games but sony needs this badly)
final fantasy versus gameplay footage or any news for god sake. move your arsh square enix.

MS:
suikoden 6
new jrpg( a good one this time M$)
racing game similar to mario kart

ninty:
wii hd
wii price drop (too overpriced)

@non-gravity

You nailed it on the software side, you had me elder scrolls V.