C4Lukins said:
It is looking like at this point that this generation will produce 3 of the top 5 selling consoles of all time, and it is really hard to talk shit about any of them outside of maybe Sony just because of the dropoff they have had in market share. So cheers to everyone.
That's probably true, but let's not forget the two main factors contributing to such a development:
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This generation had no overwhelming leader on all fronts. Wii is the main success story of this generation, but it's not nearly the same beast that PlayStation and PlayStation 2 used to be. Not only were they leaders in practically all main market segments, but their sales eclipsed the sales of their closest competitors by ratios of 3:1 and 4:1 respectively (even more in PS2's case, but I'm only looking at sales up to the start of this generation). Wii, while being far ahead of both PS3 and Xbox 360, did not outsell them by even a ratio of 2:1, and it's probably going to go further down in the following years. Owing to a number of factors, the distribution of sales was much more even this time around.
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This generation is the longest yet since the Atari days. Had this generation ended in 2010, as a normal 5-year generation would, Wii would be the only console breaching the Top 5 (maybe Xbox 360 as well, the fight between SNES and the 360 would be
really close). Rising costs of development, high entry points of HD systems, new exploitable sources of revenue (digital distribution of content) and the global economic crisis have all contributed to this generation already lasting 5.5 years and still going strong. Even though we can probably expect Nintendo's new system in 2012, this generation is going to have an exceedingly long tail.
And of course, there's the third, natural factor of gaming becoming more mainstream and attracting more people.
But as you say, the bottom line is the same: relatively good times for everyone.