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Wait, what? Competition is always good for YOU, since everybody has to up their game. It's exactly why the Xbox One is now no longer encumbered by DRM - Sony made them look pretty silly for it.
You get folks making exclusive games to woo people over, which generally look and play better than multiplatform games since they are more focused.
You have console makers trying to make their consoles distinct with new features or motion controls or what have you.
Not sure where the downside is.