Yup, even more so since we're not even sure new consoles are even going to come out.

Have you heard about Microsoft's plans for the next XBox? Or Sony's next generation PlayStation?

Exactly. Nothing.

Games are pretty profitable on consoles, but makers of these consoles usually lose hundreds of millions of dollars over several years before they can even bring a console to market, and then they need to hope that this console will be successful enough to recoup the R&D.

No wonder even rich and successful companies such as Microsoft and Sony are just a few steps away from giving up on creating consoles completely.

Also look at employment trends. More indies, more digital distribution, social, web and mobile game companies. The AAA studios are known to be fragile, risky operations, and the smaller retail-oriented studios(whether PC or console) have mostly disappeared, with the exception of a few making low-end shovelware.