There are a few gripes I have with next-gen. First of all, like the developer of ICO said, he is afraid that with better graphics, all the games will start looking the same. The guy from the Behemoth had a very nice analogy. He said would you rather go to a museum and watch real photos, or would you rather see paintings? That's the drawback of having animations that look like real life. All the games are starting to look similar.
If you look at a game like Okami on the other hand, you can't help but fall in love with the art style. I wish developers really give their own touch to the art and animation of the games, and not fall into the "make it as real as possible" thinking.
And yes, like SamNMax said, there is far too much choice, and I'm not sure if the demand is going to scale to that level. I expect a lot more publishers and developers to be eaten up by EA or to just cease to exist.
EDIT: Like
this for example
