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The last American-made system to succeed in the market was the Atari 2600. That was a mere 16 years ago, before the Japanese basically became the console game market. When Atari themselves tried to get back into consoles we end up with Jaguar. Other attempts (3D0) at an American-bred console have also failed.

Japan is still the largest single market for videogames on a console and they don't show much willingness to buy American-made consoles or games (its a cold day in Hell when a US game hits the top 10 in Japan). Sure, Konami, Capcom and Namco are signed on, but how much do you want to bet that they just do ports of games from other systems? Konami has already said Metal Gear Solid Remix (a remake of the PSX game) is on the way. Ports generally don't sell systems.

Besides, by 2001, the 128-bit war will be over and done. People will have bought all the consoles they can stand. Even Dolphin will be out by then.

Anyone else notice that Microsoft's press release quotes a polygon rate of 300 million/sec? Thats more than 1 polygon per pixel at 640x480@60FPS. And I thought PS2's quoted 75Million was a bloated load of PR BS!