The article actually makes valid points.
The only thing I'd add is that we're also creeping to the end of this generation with the next being hinted at in the horizon (the article mentions this gen hanging for a tad longer than usual). The industry shakes itself up violently sometime between this time until a year or two into the new gen. Everyone complains about cash/sales issues and blames this, that or the other to explain their future mass lay offs and change in direction. At least, this phenomenon is what I've experienced since the transition to the PS1/Saturn era.
Then again...the only constant in the video game industry is change.