"But Nintendo seemingly stalled the gaming apocalypse with the reveal of its Wii U console at E3 2011 in early June."
Really?? Who comes up with this stuff? Nintendo's stock dropped 5% at the reveal of Wii U, Sony has publicly stated it has no intention of ramping up work on its next gen because of Wii U (not that it could if it wanted to, PS3 bled them like a pierced jugular), and Wii U is based on 3 gen old (HD4000) DX10 hardware! I've already read devs saying Wii U games will look more-or-less the same because, even though Wii U has better hardware that current gen systems, like PC, it still competes in a world where developers aim for common denominator DX9 360/PS3 hardware... If Wii U is our salvation, we're all effin' doomed...