Anyone who doesn't think consoles can offer massive improvements to graphics quality needs to merely watch some TV and get out to the movies. The latest $500 video card cannot deliver the kind of realtime performance to generate interactive imagery that compared favorably to what was being done for TV and film FX five years ago, not to mention just creating photorealistic scenes of mundane activity. Much of the problems go beyond just horsepower and lie in finding better algorithms to capture the appearance of living beings as opposed to highly detailed mannequins.
The coming generation of consoles will offer a major improvement, allowing entire games to be of circa 2000 FMV quality throughout. Yet this will be the last generation focused on NTSC/PAL displays and will still fall far short of what those displays commonly deliver. In the portable realm, displays should become fully comparable to NTSC/PAL around that same time. They will be the highest quality games targeting NTSC eventually appear after NTSC itslef has been retired in most of the world.
The coming generation of consoles will offer a major improvement, allowing entire games to be of circa 2000 FMV quality throughout. Yet this will be the last generation focused on NTSC/PAL displays and will still fall far short of what those displays commonly deliver. In the portable realm, displays should become fully comparable to NTSC/PAL around that same time. They will be the highest quality games targeting NTSC eventually appear after NTSC itslef has been retired in most of the world.