The only thing Nintendo has is the children audience and nostaligic factor.
People hyped Wii U as the 2nd coming of Jesus Christ to Crysis Ultra Max resolutions.
Nintendo will opt for the cheap and easy buck instead producing jaw dropping material.
The casual audience that ran the Wii have turned their backs to the Wii U. And gone to Smartphones/tablets/mobile gaming.
So expect them to carry on keeping busy on the handhelds but that is slowly shifting to iphones, ipads and such.
Microsoft and Sony will compete to produce better hardware and gaming/entertaiment material to the world allowing developers to make better and bigger games as they are doing right now. Better sound, better visuals, better experiences, offline and online.
Expect more immersion from them. Unlike Nintendo, Microsoft and Sony can happily take risks and loose money to make better games for the audience. So kudos to them even though some people would mock it.
The gaming industry is a lucrative business.
PC gaming will be always be there but who knows with that, it is not dwindling but a works in combination with consoles. Some games you simply cant play on a console machine in living room. Expect more immersion hardware, like feeling pain when getting shot at in game.
Its all down to the developers and companies.
And the big ones and best ones are backing Microsoft/Sony/PC.
Once Nintendo is knocked out of the park. Apple/EA/Ubisoft.. like valve will, make a foothold.
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