I believe this is my first “Pachter No” article yes?

Well, Industry Gamers reports that Wedbush Morgan Securities has recently released a gargantuan 210-page report on the video game industry headlined by none other than Wedbush Morgan’s own Michael Pachter. The major talking points that most of the news outlets are reporting on center around Pachter still holding onto that dream that the PS3 will become the HIGH-DEFINITION console of choice due to the fact that Blu-Ray (and Sony by being the driving force behind Blu-Ray) won the High Definition War that seems so long ago now. Honestly it would seem that people would care more about trying to find the best deals on watching movies rather than finding the HIGHEST QUALITY OF DEFINITION for their movie of choice.

Even after faced with the fact that while it’s not a dead format like the VHS or the UMD are in today’s market Blu-Ray and High-Definition Disk Formats in general just weren’t the REVOLUTION that analysts were making them out to be, Pachter still believes that because of Sony “Winning” the high-def war, that it’s reward are the hypothetical spoils of people’s living rooms.

But even Pachter himself admits that the biggest underrated announcements at E3 were the Facebook/Twitter Apps that Microsoft announced for the 360. And look at the PSP, where the biggest advantage it had was software applications, rather than what most analysts believed to be the main selling point of the PSP, high definition movies on UMD.

Pachter also makes note of how he believes Japan is still a major territory in the “Console War” and how he still expects a Wii HD to be released by 2010. This hasn’t been the first time he’s talked about an HD Wii and it won’t be the last, but he’ll keep talking. – The Ben