we did just see three new systems launch and fail after their first month or two on the market.
also, the industry might not be so much dying as much as it is migrating to other platforms.
Exactly.
I mean Nintendo and Sony couldn't have done much worse with their launches, but anyone expecting Wii esque gangbusters out of the new consoles is kidding themselves. I think the PS2/Wii mainstream is happy enough with their tablets and phones at the moment, and currently neither of the unreleased consoles have offered a hook that will reverse that (although it's too early to be certain).