The time it takes for me to turn on my PS3, which is already in my bedroom, and load a game is practically negligible. The other side of the coin is of course that the game quality is worth it, compared to iPhone games. I mean for fuck's sake, if people were that easily deterred we wouldn't even have PC games that needed to install anymore. They guy's right in one respect: Tastes HAVE involved to include bite-sized experiences on mobile devices. The thing he fails to realise is that people often play these games when they need something on a mobile device. Not as an alternative to a console. Besides, half the popularity is people who don't game otherwise, and chances are they already have a phone.
Personally I think there will always be a console market as long as they don't get too expensive or controlling. I paid about a grand for my first PS3, I've had to replace it thrice since, but that is about as far as I would go. Sony often produces consoles at a loss, so it's not like they can just shave a bit off the price if they're not sure they'll make it back in game sales. The next gen looks affordable, which brings me to my second point, that if they keep PSN free, games solid, and their consoles without gimmicks, I'll buy them for the security of being able to play my game at the intended level. I don't want to have to upgrade all the time. Last requirement is that they don't fall behind PC in ease of use, price and quality at the same time.