On point #2 I think it's still too early to say whether the handheld market has been upended at all. Yes you see a ton of people on the subway playing with thei

On point #2 I think it's still too early to say whether the handheld market has been upended at all. Yes you see a ton of people on the subway playing with their phones, but that may well be an example of the gaming market growing to include more gamers, not that traditional console gamers abandoning their dedicated handhelds. Consider that for September software sales for the 3DS were up 89% YOY. It launched poorly, but it also launched at an unprecedented high price. The market is changing but I'm not sure if traditional handhelds are being hurt by the new iOS market.