[quote name='dannyox718']No, that would be the absolute worst thing to happen to video gaming. No competition = no growth. Only the desire to outsell the others will make these companies continue to push the envelope. Monopolies are very very bad things.
A small example would be for those of us who don't have a choice in some of our utilities providers. Don't like the service? Tough shit. Pay or get nothing at all...[/QUOTE]
There would still be competition with two companies out there.
The 16 bit era was one of the greatest periods in gaming history with just two major players with the SNES and Genesis.
Besides, I think competition today is really between developers/publishers, not console makers so much.
Gaming is a huge industry now, the pressure is on developers to make good games that will sell in a market with a ton of games to choose from.
So they have pressure to make good games whether there's 1, 2 or 3+ consoles out there.
The one area that might lag with only one or two conoles is pushing graphics and other hardware technology forward with new consoles every 5 years etc. Personally I'm very happy with the technological state of gaming today.
Future advances will probably be things like more motion controls, eventually getting into virtual reality stuff etc. that I have zero interest in. The day games are no longer played on TVs with traditional controllers is the day I quit gaming for good. Which is fine, most hobbies pass people buy eventually.
So I hope this generation and the next (if it's not all motion controls!) drag on as long as possible!
In the meantime, I don't really care how many consoles are out there. With me mainly only playing FPS and WRPG games (and not likeing many Japanese developed games) MS's consoles are all I need anyway as Nintendo and Sony don't have enough decent exclusives in the genres I play to warrant a purchase. Not that I game enough to justify owning more than one console these days anyway.