From Forbes.com: "The console games business is going to die and be replaced by something better. It might not be because making game consoles is now so expensive that they will break the platform companies themselves; it will also probably not be because you will be able to pirate console games on the net like any other piece of static media, and it is certainly not because computer games are a fad.
Simply put, massively multiplayer games will take over and they will be subscription-based, and available on a PC or whatever that platform morphs into.
The hardware monopoly wielded by Sony, Microsoft and Nintendo becomes irrelevant when you can play an unstealable real-time game on the family PC over the net. One game, $1 billion in sales: Warcraft is the writing on the wall for the console makers."