How Important Are Exclusive Games?

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We are now in the midst of another installment in what seems to be a never-ending cycle of console wars, one in which Sony0s Playstation 3 is pitted against Microsoft0s Xbox 360 (the Nintendo Wii is not officially part of the battle, as Nintendo themselves has stated they do not consider their console to be a 0net-gen0 machine).
In the past, consumers would often base their purchase of a new video game system on what exclusive games were available for each respective system. For instance, if you wanted to play a Final Fantasy game in the late nineties, you needed to buy an original Playstation. Those games simply weren0t available on any other home console. In a larger sense, it seemed as if a consoles personality was defined partly by what exclusive games it offered.
In the current generation, though, it seems as if we [...]

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