The reporting in the Wall Street Journal is usually really good. However, this [subscription required] has got to be the most stupid statement I've seen in any report on the new Xbox 360 and its effects on the videogame industry.

The new Xbox 360 has been a big hit for Microsoft Corp. this season -- but for now, it's also contributing to pain in the games industry.

The reason: Supplies of the new videogame console have been short, and many consumers have held off buying games for it until they can get one next year. [emphasis added]

Is it really any surprise that consumers wouldn't buy videogames for a console they don't own?