Now does Sony and MS feel less pressure from Nintendo to release new consoles this year? Do they see what a lack of content can do and not rush a launch because of the fear "first to 10MM wins" is less acute now?
I would say more pressure in a way. They can jump all over a weakened nintendo if they launch this fall. Maybe stop the Wii U dead in its tracks before it gets started.
If they don't launch this fall they are conceeding the gaming market to tablets and handhelds period.