My 2 cents:
I am excited by the titles announced nearly across the board, however I have some serious questions on the general directions the console makers are taking.
3DS seems pretty neat, but I am concerned by the trend in 3D films which has been using the 3D as a gimmick for sales instead of actually something adding to the story. You could say this has been standard operations for the big N really since the cube, with just a tweak a gameplay warranting numerous rehashes, etc. The new Zelda sure looks a lot like the last two I played. Not a completely terrible thing, but it seems less progressive than say a Mature looking Zelda story.
I have seen about a half-dozen 3D movies over the past couple of years, and honestly the only one that was worth the extra $$$ was "How to Train your Dragon" with "Journey to the Center of the Earth" being the next best movie to use the 3D in a great way, if not be all that great. I have high hopes for Toy Story 3. Maybe the 3DS will break new ground (ignoring Rad Racer on the NES), but it will be just that.
Kinect seems totally DOA to me. It reminds me of Webcam games that I played decades ago where you bounced beachballs and stuff. You play with it for ten minutes, and then are ready for something else. And full body flailing for driving games? It's like they just stole the Eyetoy and made it more expensive. And they were basically promising the holodeck with this thing if you remember the demos, where people would scan stuff in, etc. It seems like a catchup effort, at best.
Sony seems to be reverting even further, having just discovered the Wii apparently. Can anyone here say they look forward to playing gun games or motion games with multicolored lollipop controllers? How much do you play with your motion controllers now? At least GoW on Psp looks promising. But they have hardware that the Air Force clusters for crying out loud, this is the best they can come up with???
It's like the industry has reached the end of the graphics arm race, so now they are going back to fill in the gaps with gameplay ideas that were already thoroughly explored, and basically discarded, a few years ago in hopes of picking up a casual audience who has lowered expectations. They thing that will bite them I think is cost. Wii was cheap for the same type of experience, they are not.
What will next year's hot trend be, Voice Control ala Seaman on the Dreamcast? Maybe the power glove will make a comeback :)