No, I think once more indie studios are viable/successful , we'll start to see them produce more ps2 (maybe even PS3)looking 3d games (in hd)as they gain more captiol and can afford to do a little more. Also, the tools to produce 3d gfx will have decreased. This is really the first gen were the focus has truly been on indie development (for consoles) with more indie friendly practices from the big three.
I sort of see it like the movie industry honesty, yea you have your franchises and comic book movies releasing every year, but because of lowered cgi/tech costs (over the years), indies and smaller film houses are able to put out a decent picture as well, just with less spectacle more heart and substance.
I would really like to see big developers lend out there ips to some indie developers to get a fresh take on classic series. I think it's bound to happen sooner or later. Basica
Also, crowd funding seems to be an ever increasing concept that developers are using to make the fans put their money where their mouth is. "Hey you said you wanted me to make this game, well I can do it even if my publisher won't fund it, you can" as we've seen with "mighty no 9" and "lookah laylee"
Lastly, I'm hoping virtual reality is that next frontier in creative development that brings back the simple, daring and fun nature of the ps1/2 era. Because the tech will be so young tthe expectations won't be high and the focus will have to be in gameplay as the gfx will be constrained, much like the early days of 3d console development.
Or at least that's what I hope.
-DMP-