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Future proofing is something of a fictional concept. It has never worked for consoles, and it really isnt particularly effective with PCs either, given how fast the technology moves.
The market is what really decides console lifespan. The leader in marketshare should always want to continue the current generation as long as possible, whereas the others will want to jump into the next generation sooner.
Looking more dated shouldnt matter because it already does look dated. With the graphical difference already so huge, I find it hard to believe that a bigger difference will suddenly sway the masses.
Nintendo cant maintain lead marketshare without wide 3rd party support. I'm sure they learned the lesson well the prior 2 generations.
Thats why I conclude that if they are able to maintain lead marketshare, you will see good 3rd party games.
Ideally they want to mimic their success with the DS. Yes, Nintendo still is the primary driver for the platform, but they have vast 3rd party support. The PSP blows the DS out of the water from a technical standpoint, and everyone is alright with it.
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