The End of the Game Console as We Know It
Hyperbolic headline aside, Ars Technica has a pretty good run-down on what Sony and Microsoft’s mid-cycle console replacements mean to the gaming industry.
The last console generation was the longest in modern gaming history. By the time the Xbox 360 and PS3 were put out to pasture, contemporary iPhones has (arguably) surpassed them in performance. Console makers simply can’t wait almost a decade to replace their hardware anymore.