[Kugyince]

Economically speaking, the majority of consoles fail.

See the problem is, after the whole Game Gear/Sega-CD/Nomad/32X/Saturn/Dreamcast streak of economic failure Sega entered into a very large amount of debt. Hell, I would guess Sega is probably still waist deep in debt. They are however, turning a tidy profit from their software and are slowly paying off their debt.

Now creating a system, be it console or handheld requires massive amounts of money. Research, development, marketing, production, etc... Sega doesn't have the money to create a new console. And after its last six, yes six systems were profit disasters, no one is going to lend an already in debt company money to produce a new system that they already have a track record of taking substantial losses in for a gaming market that's already extremely competitive.