Pachter: This is the Last Console Generation

Game industry analyst Michael Pachter claims that the systems you're playing your games on right now are part of the last generation of console gaming:

"I think we've seen the last generation of consoles," Pachter claims. He says Nintendo will likely upgrade the Wii at some point (perhaps with HD and more storage), but all three console makers will be reluctant to release any subsequent consoles -- in the future it'll be more about a standard delivery platfrom. Why? Because there's no money in it for them. And because the third party publishers simply won't allow it. "[Third party publishers] are not going to support a PS4 or Xbox 720," he says, pointing to the fact that they're already largely struggling with the cost of developing games today. "The content is not going to change in any meaningful ways because the publishers can't afford it," he continues, suggesting that the current crop of consoles will be the ones to last us well into the future.

Do you really think we've seen the last of consoles?