yes. But on a lighter note, I do agree that Nintendo might have saved the industry with the Wii. For a while now I've been saying that more horsepower and better graphics are not the future of the gaming economy, so to speak. Game Developers are struggling as it is, lesser known companies have gone bankrupt because they spend so much time (2-4 years) and money (millions) on just graphics. But when that game is released, it takes people one day to beat and many aren't satisfied. The problem is that these consoles keep improving themselves every 6 or so years and when they do that, most developers who aren't established with megahits like Final Fantasy fall short and can't sustain themselves.
I'm convinced that if companies continue releasing bigger and badder systems then they will effectively kill their own market.
Hell, I mentioned Squaresoft but even Square could not stay afloat in the market and was forced to merge with their long rival, Enix to become Squarenix.
Really, I would not be surprised if one day we saw Capcom and SNK Playmore merge. Or Konami and Namco. Who knows. But Nintendo took a bold step and said "let's try to improve game play and not the graphics".
Graphics are like a drug though, once you've seen the best you don't ever want to go back. But I strongly feel that the graphics seen on PS2 (such as recent titles like God of War 2 or Kingdom Hearts 2) or Wii are just fine! They look good enough to get you by and let you focus on what's important, gameplay. Hopefully their major titles like Metroid and Mario do not disappoint this time.