But what would happen to all of the fanboys if there were just one console?

Riffing off of David Jaffe's earlier comments, an article up on the Next Generation site theorizes about a single unified gaming platform, ala the music and movie businesses. He proposes a 'videogame standards commission', which could look out for the future of the industry as a whole. They might, he says, not even agree with his conclusion that a global platform would be a good idea. The point, he says, would be to maintain

"a detailed yet flexible long-term plan for progressive development of the medium. The board would assay in accordance with a constitution of irrefutable primary standards and ideals ... From what I can see the only way such a body could conceivably be formed is by appealing to the idealism of visionary designers and executives across the spectrum - your Satoru Iwatas and Ken Kutaragis, and Will Wrights and David Jaffes. The Game Developers Conference and other gatherings already embody some of the spirit of this proposal."

Hey we had the one console with no competition before, It was called NES you know, that console from that 80's that had 90% market share. Ahhhhh those WERE the days, no fighting over which console was better or who had the superior online service it was just all about collecting coins and blowing the bottom of each cartridge when the screen would be flickering with some distorted images; those were the days.