Ex-Microsoft Europe boss Sandy Duncan reckons this console generation will be the last.
“The industry is fundamentally driven by technology," he said, speaking here. "I think dedicated games devices i.e. consoles (and handhelds) will die [out] in the next 5 to 10 years. The business model is very risky and the costs associated with creating new hardware are incredibly high.”
He has a point. We're kind of sick of having to spend £40 million on boxes every console generation to play a few different games. Go Sandy, etc.