"We spend a lot of time (in this indsutry) trying to talk people out of spending money today."

-- Kaz Hirai, chief executive officer, Sony Computer Entertainment America at Sony's Gamer's Day, Fall 2003 in response to a question about the PS3.

Sony killed the Dreamcast by convincing consumers that the PS2 was worth waiting for. Live by the sword...?

Still, Hirai has a point. The video game market is flush with titles. One could argue, there have never been more top-quality titles available at any other point in gaming history.

Still, as Nintendo and Microsoft struggle to reassert themselves, fans have started to cast a wandering eye to the next generation. We've only had the PS2 three years, and already we are bored?

It's been said before, but the video game industry has a problem. It cannot continue to operate on this boo and bust cycle of new hardware. Consumers wont go for it long term. Hirai is right.

Then again, ask him if he thinks you should wait for a PSP or buy a GBA today!