His opinion is closed minded. Sony and Microsoft have been pushing the console wars using technological advances only. They're forgetting the entire point of the systems and that is to have fun.
Sure, we may be hitting a plateau in terms of number of polys, HD picture, and sheer hardware power and graphics.. but there's a HUGE potential in innovation, particularly the road that Nintendo has been taking the great part of the decade. There's a reason why the Wii is soundly inferior in terms of hardware and technology but still able to outsell both Sony and Microsoft hands down.
It's because Nintendo saw the forest through the trees. They realized that innovation and revolution wasn't going to come by following the beaten hardware improvement path.
The Wii remote and Kinect are only the beginning. To stay competitive, companies are going to have to devert from the easy hardware battles and start coming up with new ways for users to play games. To interact with their games with their friends.
Look at Apple. They didn't revolutionize the smartphone market with a 10GHz processor, 20MP camera did they? No. They did it with a new idea.
There's better ways to use this hardware... lets hope they can find them.