@super2j: Nope. There are tons of RPG games still being made these days, look at Dragon Age and Mass Effect. You're just being silly by saying kids only play iphone games or black ops.
And the show is still going today and the card game still out there, so no, kids know exactly what Pokemon are.
What Jeff said on the Bombcast was right on. Nintendo aren't trying to sustain an audience with each Pokemon game, those people get older and leave the target demographic that these games have. Each game is going for the same age group, so it's new people they're aiming for here.
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