No, they are not dying, but not evolving either, but rather that I see them are stagnating and mutating. And I am not meaning this in the cool from Mr Mayer to Radioactive Man way. Consoles are the biggest market, and being that, it's the most aweful thing for anybody who calls himself a gamer, that we will have to wait another half decade to get rid of the hardware which is on stoneage niveau yet allready, especially if you are one of the pitfully creatures, which still prefer the pc to play games.
Not having a new console for the next five years simple means that we'll stuck with the same graphics, gameplay, physix and ai, which we allready had back in 2007 with crysis and why the hell can this be good thing for anybody, who has just the slightest aspiration for development? I mean, imagine that, a game which was released four years ago is still the best looking game in the business. And I know, I know, people say that "graphic isn't so important" ... but guess what, it isn't just the graphic which is stuck in the past, also it's the, allegedly so important, gameplay, as it is bound to the same limitation of the hardware then graphic is. A.i, physics, gameplay, everything is hold back by systems which are litteraly from another decade and yet we won't get something new for the next five years? And people are acting like that is really a good thing, as "they haven't wasted their money for nothing" ... those consoles are freaking 7 years old and for their biggest time, they cost less then 300 bugs and thats not even half a dollar / euro per day, even when you bought your first one after a freaking half decade after release, and something you could pay out your money box, if you saved the spare of your lunch money everyday. Consolres shouldn't be anything that is meant to bequeath it to your kids.
Anyway, they are not dying, even when they should.