Yeah, I guess we are talking a society that flocks to Apple stores almost twice a year for the "latest and greatest" iteration of the iPhone...
I'm seeing zero use for it, personally. The only game I even use my PS3 for on a regular basis is Gran Turismo 5 because it's part of my driving simulator. Got last year's Madden. Thoroughly enjoyed it. Played through a full season of it, and haven't touched it since.
I think my biggest gripe is that gaming simply hasn't evolved in over a decade. The recent Bioshock Infinite was amazing because of the story and themes, but at it's heart it was still just a regular ol' shooter. Glad they showed how engaging, complex, and deep story telling can be, but...
The mindless quarter eaters I grew up with were far more engaging than pretty much everything out there today.