Yep they're all but dead . Quite sad too see SEGA Japan become such a lame duck in the console world.
Some key differences ... Capcom have a Next gen piple line and engine that already showing off impressive results . They not only have opened a toally seprate HQ to handle their mobile games (paid for the profits from MH III) but also have brand new HQ to go and another one that be ready to go in 2 years time : Capcom are investing and taking on staff ready for the next gen and the generations after that .
In the meantime, the Arcade part of Sega is gonna publish and distribute a Luigi's Mansion Arcade Game made by Capcom...sure, Capcom can do it for themselves just like the exclusive AAA "Phanta Rei" F2P title for the PS4 that was delayed. So multiplat right there.
Also, why their mobile division is testing games in South Korea and almost doesn't have an app that reach the Top 100 in Japan? I don't know, maybe they are pleasing their fanbase until they reach the inevitable fate of doom that almost half of the videogames companies in Japan are having.
Maybe I could talk about the almost 9 year project from Square-Enix or the almost predominance of Kojima in Konami that singlehanded push the console side from falling out of business.
Or also the temporary exclusives in consoles from PC games that almost got funded by the company that sign the deal for the exclusivity.
To put in context, not everybody are in a good position to make AAA games or even expanding their businesses. Both sides:West and East.
Please, this is happening to the whole industry, not only Sega.
Yes, the American side has done some terrible decisions that lost their trust from big daddy SS, but that doesn't mean they didn't try to make something good or marketing something well.
Just only the 3D Classics, the localizations of JP games and many merchandising deals are signs of good people working for maintain something called community.