I think a lot of console sales have dropped off because the titles have gotten worse. Look at halo. Halo ce was genre defining compare to goldeneye/ perfect dark (n64), a huge step. Halo 2 was another big step graphically as well as gameplay (although it was made to be easier and more social). Halo 3, reach, and 4 are just awful. Call of duty past modern warfare is similiar.
I sold my 360 because there were no longer titles that I enjoyed as much( maybe i got old or maybe they suck) but I didn't want 5 year old tech driving Netflix or wasting my time with minecraft. There just hasn't been a "halo ce" like title in a while. There are ones that sells loads of units but not that develop cult like following (except Starcraft), and recieve game of the year for 4 years running. Hell the only award h4 got was best 360 game of the year. The online services have become watered down with kids/ party chats etc. so it's difficult to even talk to players without party boosting.
That an while a 360/ps3-4 does one thing (gaming) better than an iPad. An iPad does 860,000 other things impossible on that platform. Though the comparison is mute.
This happens every single console generation. Devs do not release new IP on dying hardware, they launch new IP usually in year two of the generation and then release sequels until the next platform comes out.
When the consoles come out, pc gaming will decline, then people will say pc gaming is dead. Around year 3.5-4 of the generation, pc games will come back because the hardware is so much better than the consoles.
These things happen literally every single generation.
And the only people being snobs in this thread are the people that are claiming the ipad has ps3 graphics. Get over it, your ipad pails in comparison to a ps3, it pails in comparison to a ps2, people need to look up hd screens of ps2 games run on an emulator.
The only reason people think the ipad has good graphics is the retina display. This display makes people believe graphics are good. Example: when the retina came out people thought the internet looked bad. All the devs did to fix this problem was introduce higher res graphics. They did not improve the graphics, or come up with new tech, they just increased resolution.
This is not good enough anymore for serious or hardcore gamers, when I pick up an ipad game I see all the tricks the devs use to hide problems. You have static backgrounds, 2d backgrounds, no AA, no HDR or Bloom, controlled field of view, linear progression, movement restrictions.
This does not mean the ipad is bad at gaming, it just means it cannot compete with consoles or a pc.