I need a third option. I don't think it's the next big thing, but rather, the next step in graphics technology. It was more or less inevitable once we moved away from sprites and into polygons. I'm not happy about there being another distraction from developing good storyline, gameplay, etc., but there's not a lot that can be done.
On a side note, anyone notice how all the new changes are always greeted as fads by most gamers? I bet the crowd here would have said that polygons are blocky and won't last long.