Or at least in a part of this interview, Richard Garriott comments that consoles are on their last legs. He thinks that there might be one more generation of consoles. They’re just too expensive, he thinks the future of gaming is on portable with devices with a free-to-play model.
I’m a bit skeptical on his belief that consoles are too expensive. Perhaps what should be looked into more closely is the design of the consoles themselves. For instance, Nintendo has made money for every Wii they sold (it took Sony four years before they started making money). Obviously building the most advanced and powerful machine is not the correct design, monetarily.