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I've got all three of the new-gen systems (2 PS2, 1 XBox and 1 GC), and I'd have to say that I play the PS2 most of the time. GTA:Vice City and Socom:Navy Seals take up a lot of my game playing time.
All have a lot of great games coming out in the next year. Halo 2 looks like the one to beat. Neither PS2 or GC have anything lined up that can compete with that. They don't really have anything to compete with the existing Halo...although Socom and Metroid are a lot of fun.
PS3 is a good 3-4 years off...so XBox is safe for the time being. But I won't ever count M$ out of anything. They're probably already working on their Next-Gen system as well.
Nintendo is far from over...but it's not a "hardcore gamer's" system. I remember reading somewhere that Nintendo is the largest entertainment company in the world. In Japan, everyone has something from the big N.
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