Ricardo has already mentioned it in his blog, though I saw the article on 1up mentioned on Slashdot initially.
It’s a very nice comparison, which makes a lot of sense, although some of the points are stretching it a little (rich bald guy spotted at promotions!?). In fact, the original Xbox was already seen by many as having a lot to do with the Dreamcast, including, among other things, the controller. Now, apparently, it’s even closer.
The article also mentions how the Xbox 360 will probably not be a failure, unlike the Dreamcast (which wasn’t really a failure, it just couldn’t make Sega recover from their losses, and loss of confidence, created by the Mega 32X, the Mega CD and the Saturn.) I’m guessing it’s true - MS has the money to throw into it to make sure it sells, even if they sell it at a huge loss and costs them billions (like the first Xbox did). They’re not doing it to make money, but to get a piece of “your living room” - and Sony is after the same thing. Nintendo, of course, is still about games and nothing else, which is why I love them. 
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I’m gonna phone Bill and see if he sends me an Xbox 360… He’s loosing so much money with the XBox, I don’t think he’ll care about another one
The Dreamcast was a great console! It only failed because Sega bet to much in “dead horses”… As you said, the Xbox will sell, even if Bill drops the console price to half in one year span.
As for Nintendo, well, I love Nintendo, they make great games, even yesterday I bought Metal Gear Solid The Twin Snakes for my Gamecube… I still think that Nintendo could have done a better job with the DS…
The DS isn’t supposed to compete with the PSP (or the Gameboy, for that matter). It’s something different. I believe that people will still inventing new stuff to do with it, years from now.
It’s going to be my Christmas present to myself.
I really think/hope that what Nintendo is trying to do with the Revolution will work for the next gen. The Xbox 360 looks cool but I haven’t bought into it’s hype yet.
I also made a short note about this article on my blog, it’s a frivolous little article but it’s still fun.
Honestly, I think the Xbox 360 is the “lifeless” triplet. I feel like both the Revolution and PlayStation3 have their own vibe, their own “way of being”… but the 360? Looks too arid for me to like it…
The 360 has an interactive music visualizer by Jeff Minter. If I buy one, that will surely be the main reason.
They could have done better with the DS? It’s pretty much widely regarded as a veritable renaissance for Nintendo and has some of the most exciting games on any platform at the moment, in my opinion. (If I can say that without sounding like a raving fanboy!)