Where to start, where to start.
Firstly consoles won't use fusion chips even though its looking increasingly likely the "next gen" consoles will use AMD/Intel chips, its just too expensive these days to design a top CPU, Sony will not likely want to spend as much as they did desiging an impossible to program for core thats completely wasted and has no other use at all due to overall complexity and difficulty to manufacture, Cell is dead, Cell 2 is incredibly unlikely and with margins narrowing with a strengthening Xbox market and wanting to make a cheaper overall unit next time as for 3-4 years the Xbox has easily won on price its very likely Sony will go for a cheaper established CPU.
Ok, as for successful Fermi's and 58xx prices, they dont' have anything to do with each other, if they did the 5850 would have been £300 at launch and reduced to £250 to beat the 470gtx, it didn't it was as low as it could cost to increase sales, while still maintaining a small profit, its a VERY expensive chip to make compared to last gen.
The ONLY, and I really mean this, ONLY, singular reason there aren't more 5850's available for £200 is UK customers are happy to pay through the teeth so UK retailers screw them. A competitor sold 5870's at cost to a few lucky forum members, £250, they took no loss, thats how much they cost to retailers, £300 is £50 profit for companies, any more is laughable profit for gouging stores.
I've seen 5870's in stock for £270 this week, and there was a thread on someone ordering a 5970 for £420 and finally getting one delivered. No prices have increased, only retailers realising they can make more.
the ONLY thing that will bring prices down is people decided to not pay over the RRP. Nvidia competition has NO EFFECT on pricing, at all. 48xx series was never once priced against Nvidia cards, on launch of the 4850/4870, cards that were maybe 10% behind the competition, they sold the 4850 at £125, vs a £300 260gtx, and the 4870 at £170, vs a £400 280gtx. If Nvidia were responsible for AMD's pricing, they would have priced them 15% under Nvidia, not 60% under Nvidia pricing.
AMD are pricing their cards according to markets and getting as large sales as possible, thats their driving factor.
As for the golden age of gaming, what utter rubbish, its happened EVERY SINGLE time a console is released. The only difference this time is the period that games are mostly aimed at consoles over PC's is that Vista/DX10 switch took soo long and was so not worth jumping on top of for so long that rather than the normal cycle of maybe 2 years consoles take the lead followed by 2-3 years for the PC, the only difference is a fairly rare, and required massive change to DX spec has held that up to give consoles an extra year or so.
We're only max of 18 months away from a new console, which will end up with a Fermi 2/7850 powered card in, and then games will move on to be faster than any card you can buy right now, can run brilliantly at 1920x1200, we're not far away from a massive leap forward in gaming power required most likely, not further away than ever.
The PS1 has had a decade long lifespan, that doesn't mean its been the top end console for a decade, just that people will use them for a decade before really no one bothers any more for any reason.
Lastly, Deejaycee, what a classically uninformed Nvidia poster.
Firstly, AMD run at 850mhz clocks, Nvidia's top end cards have 1700Mhz shaders on them, though this gen runs at 1400Mhz or so......... really, AMD have the clock speed advantage do they...... really?
As for innovative, AMD brought us DX9, DX10(the real dx 10, Nvidia couldn't provide DX10, missed out half the most important features then had DX10 changed to suit it, while screwing us all), DX10.1, DX11, unified programmable shaders, the push towards a very shader heavy architecture(x1800/x1900), Tesselation, z-compression, they currently trash Nvidia in performance per watt, performance/size, performance/£.
Hard engineering, Nvidia's barely changed its base shader since the 8800gtx, infact really not at all and they weren't too disimilar to the ones from the generation before.
AMD has an innovative and efficient design, space saving and far higher performance/mm^2, its the massively more innovative design. Nvidia's is both brute force in terms of raw horse power and brute force in terms of incredibly basic shaders that are simple and easy shaders. AMD manages to get almost the same performance out of a design thats the best part of 40-50% smaller, any engineer, or anything will tell you extracting more performance out of less of anything, is harder to do.