No, you're missing the point, like most Japanese developers.
They will not gain the successes they once had in Japan if they continue their dumb PS3, Wii and 360 strategies, and that's really what they are at this stage, dumb. Making the same games you've been making for the last 10 years with better graphics, better sound, better physics, better cinematics, is only scratching the itch of the hardcore, who are insignificant from a sales perspective at the level of budgets these games have.
I mean can you imagine the bombs Lair and Heavenly Sword are going to be! We're talking about losing tens of millions of dollars! This risk is way too high and many developers are going to be bitten badly, no question about it.
Just as the market has changed 3rd parties need to, and it's not about making 500 clones of Wii Sports, it's about using some thought to come up with new ways to play old games and creating new experiences to play, on every system. This will likely suck for the hardcore, which is a shame, but we just have no affect on what happens in the console market. As much as we bitch and moan we're just bystanders.