I would say this is kind of expected. I mean, the majority of console sales probably happened in the last fiscal year (March '02-March'03) because that is when most of the platform's biggest games launched (especially Nintendo's). Where does this lead us? It's basically a industry who's consumer's have already made their purchases as far as consoles go. This shouldn't take an "analyst" to figure out...then again, maybe only an analyst would be dumb enough to "find" this out.