Geekosaurus said:
Games getting ported isn't what will see off this current-gen console. Besides, they're probably already working on a next-gen console as we speak. I think it's safe to predict that it will have more focus on motion control, seeing as Kinect and Move are set to be a hit.
I've read that they are talking about a Wii HD by some time 2011. Other than that, I do not know if we will ever see a PS4 or Xbox 720. The bottle neck to a new generation of graphics is not the hardware at this time, but in development. Already, doing a 720 P game has twice the production time and costs of developing for last gen.
So, I think that is why there is all the hype about the motion stuff. Today's games do what they need to do in terms of graphics.
Maybe they will start to think about gen 8 when 3D TV sets are becoming somewhat universal. As I have just in the last 6 months replaced the last CRT in my home, I'm not getting another for some time.
On topic: The 360 still has the best Netflix service of the 3 consoles, best on line (at a price) for my money, the most comfortable controller and now has wireless N built in. It has a larger library than the PS3 and its older titles are now very reasonably priced for budget minded gamers.
Last I read, their sales are doing better than the PS3 as well, so, no, why would I think it nearly done?
In the meantime, I own a PS3 as well. It has its own strengths. But, if someone without a console were to ask me which one to get if they had to get only one, I'd be hard pressed to give them an answer.