Wada also hated Sakaguchi, and feared he would make a decision that would screw him over like he perceived the FF film did to Suzuki. So he essentially boxed him out, relegated his role in FFXII to almost nothing, and continued with his plan to cancel a bunch of non mainline franchise projects. It left Sakaguchi with no choice but to leave as he was essentially no longer a part of the company. So he did.
Square and Enix merged, and Wada's vision was now super strengthened with DQ on board. What else do we need?! The idiot. Suzuki was relegated further to 'special director' after the merger, then fully resigned two years later. SE was Wada's now, and the rest is history behind the workings of who I believe to be the most incompetent, unprepared and short-sighted company head this industry has ever seen.
So it really IS Wada's fault we're seeing nothing but FF/DQ/KH!
Well SE is essentially fucked then.
Again, not following you here. We're talking about FFXIV sinking the company, or not. And if console games have "more staying power than handheld titles," why are they supposedly going to become a handheld/mobile developer only? It doesn't make any sense.
Diminishing returns.
Considering that they release less and less console games and that the quality is also decreasing, sales will follow the path of their popularity and won't be able to recoup costs.
That's the theory anyway.