I don't really agree simply because in a few weeks, it will be seven years (considerably longer than 12-18 months) since the Xbox 360 was launched and that's a heck of a long time for technology so I'd say it's the opposite as even with that amount of time, phones haven't caught up yet. Any new console is going to restart that huge gap again because they don't have any of the limitations a mobile device has as their power usage can be a hundred times higher.

Moving to a short release cycle completely destroys one of the main advantages consoles have and personally it makes no different to me if mobile phones are slowly approaching the console graphics, I haven't come across any mobile game that comes even remotely close to a decent home console game.

John