No, say it isn't so! What am I going to do... with my life? I'm already scared.

Sandy Duncan, formerly vice president of Xbox Europe, and now head of casual gaming business YoYo Games, says that our beloved game consoles may only have five to ten years left before they go extinct. 

”I think dedicated games devices will die [out] in the next 5 to 10 years. The business model is very risky and the costs associated with creating new hardware are incredibly high,” Duncan said to That Videogame Blog in an interview.

“There is a definite “convergence” of other devices such as set top boxes, he continues. "There’s hardly any technology difference between some hard disc video recorders and an Xbox 360 for example. In fact in 5 to 10 years I don’t think you’ll have any box at all under your TV, most of this stuff will be “virtualized” as web services by your content provider.”

Are you on the same page as Duncan? Do you think that "cloud computing" can replace the console? How open are you to this change?

[Via Next-Gen]