Consoles on the Way Out

I'm starting to wonder if I should keep posting these endless point-counter-point articles. Anyway, former Xbox Europe head Sandy Duncan has predicted consoles will die out in 5-10 years.
(The industry is fundamentally driven by technology. I think dedicated games devices i.e. consoles (and handhelds) will die [out] in the next 5 to 10 years. The business model is very risky and the costs associated with creating new hardware are incredibly high,) Duncan told That VideoGame Blog in an interview to be published tomorrow.

He continued, (There is a definite (convergence) of other devices such as set top boxes. There's hardly any technology difference between some hard disc video recorders and an Xbox 360 for example. In fact in 5 to 10 years I don't think you'll have any box at all under your TV, most of this stuff will be (virtualized) as web services by your content provider.)