Going into last gen I had three major 'wants'... and all three disappointed me tremendously.
In no particular order.
The Want: Next Gen Silent Hill showing off what Imamura and Co. could do with more powerful hardware via the 360 & PS3.
What Happened: The two Japanese divisions of 'Team Silent' are mysteriously spread to the wind and future SH games are outsourced by various Western studios (everywhere from US based, to UK based, to the Czech Republic) with mixed results, ranging from ok to horrible.
Now What?: The IP seems dead. There's some talk of Kojima Pro being interested in it, but Kojima has said a lot of crazy shit. Outlook is bleak.
The Want: New Fumido Ueda games for the PS3. He made two of PS2's best, surely he can only go up from here.
What Happened: PS3 released in 2006. It is now the end of 2013. Nothing. Oh... we saw it. It looked wonderful and true to Ueda's style. Then things went dark. Rumors swirled of development problems, followed by production assistance coming from the West, followed by news that Ueda has 'quit' Sony but is still working to finish his one game announced since SotC. Nothing new has been shown in years.
Now What?: It seems the new "worst kept secret" in gaming now is Ueda's game, The Last Guardian, has transitioned to PS4 and it will be a major exclusive for the new platform. The question is- how much longer do we have to wait; not only to play it, but to even see it in its new form? Regardless, it seems Ueda's destiny might be tied to an inevitable 'mobile game' purgatory after this... but at least we get one more potential masterpiece to round-out a beautiful trilogy, right?
The Want: a next generation of top-quality Final Fantasy games, once again taking advantage of new, impressive hardware.
What Happened: absolute chaos within Square-Enix. Seemingly horrible internal management, leading to a mainline FF with tons of wasted potential (FFXIII), embarrassing "make-up" sequels to try to appease fans who were so disappointed by the central game, an online FF that was so poorly planned and rushed that it took a ton of money, hours, and man-power to fix (leading to other Japanese-based productions being scrapped), finally leading to an ambitious 'action-based' FF via the Kingdom Hearts team with VersusXIII... which became a running joke due to little being shown of it or even talked about.
Now What? A glimmer of hope after A Realm Reborn: FFXIV (which is excellent) and confirmation that VersusXIII has transitioned into a next-gen FFXV... and it looks stunning. Regardless, it's going to take a lot for S-E to get back in good-graces with FF fans. Last gen was an absolute disaster for the franchise; damn near back-breaking. It's an uphill battle, but FF can still survive last gen.