Oscar you know about sales, but its so tiring to have everyone saying consoles are dead every 10 seconds. This decline has been going om for years. Its boring.
Frag, im sure they will adapt somehow just like the pc did, think lots of games be made by smaller teams and devs again. Smaller budgets maybe, but more nimble and flexible teams that will bring great games to us.
Technically we are at a point where making a decent looking game is not too hard with the tools available. Its that triple aaa look that will be reserved for a few games a year max. Just like im movies you only have a few blockbusters a year.