Go ask some middle school students. They're the core market for consols. Parents buy them by the ton. If they're not interested, then there's problems. AND GUESS WHAT! They're mostly not from what I've found. Seriously, the vast majority of people don't give a flying rats ***.
PS3 had no backwards compatibility (unlike the 360 which had basic backwards compatibility) and was so expensive that no one wanted to **** with it. It sold poorly in the beginning, and only picked up after the first year. It was barely profitable within an allowable time frame.
And you also forget a major point. PEOPLE DO NOT HAVE THE DISPOSABLE INCOME TO DROP ON A SIX HUNDRED DOLLAR FREAKING CONSOL THAT GIVES THEM NOTHING MAJORLY ADVANCING IN CAPABILITIES. The PS4 and 720 have BARELY better graphics, and have NOTHING on a decent PC in terms of power and graphical quality. People are not going to drop that kind of price point on a machine they will not use, or at least, not enough people will do so to make them profitable.
edit: Also, to clarify. I'm NOT saying NO ONE will buy these consols. I'm saying that no where near enough people will buy them within the first year to make a profit before investors abandon the projects in droves.



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