Feeling nostalgic right now. Remember when twelve years ago everybody was calling the end of consoles and games as you know them, and everybody was going to have to go mobile?
Those were the days.
I'd say it was the beginning of the end for console gaming as we know it as soon as they #1 went online and #2 had hard drives for more than caching the games to reduce load times.
Once games could be downloaded and patched console gaming became much more like PC gaming than console gaming.
It was also the beginning of the end of retail purchasing of video games as we know it.