[dv_dt]

That modern consoles find themselves oddly displaced is true to me also, but what is also true is that I have an Apple TV and a cable-co provided android tv box attached to my TV. Neither particularly emphasizes the gaming experience, but it seems like there is an unexplored technical space somewhere between an ARM box and a full PC that every console company but Nintendo seems afraid of.

I think they need to give up on the "best Graphics" feature point and focus on some other set of values. It's one they've lost every generation to PC GPUs, and ARM connected GPU's are perfectly capable of providing a good gaming experience. Most Steam games really don't require anything close to a bleeding edge GPU.

If consoles are lost, at least lost from Sony and XBox, it's because they decided not to compete in the space - there are still plenty of opportunities to explore.