It seems that there is a shift from PC gaming to console gaming... Here's me citing my single data point - Rage. id focused on the console experience above the pc experience, so when you have a predominately pc-driven company focusing on consoles, you feel that the industry is/has changed. That, and that current consoles are half way through their life-cycle according to MS/Sony, so new console designs are not slated until beyond 2015.

Graphics hardware companies like nvidia/amd will continue pushing the envelope though