I laugh at you, console-gamers! Ha! Ha!
On a more serious note: I don't think consoles will actually need dedicated servers if the development of internet-speed continues at it's current rate.
It's a lot harder to make peer-2-peer work on PCs, because there are always some which barely can run the game and can't work as server per se, while there are others which could handle the server-job perfectly, but have a bad connection.
For consoles the hardware is always equal, so it only depends on the connection to make out who's the best host.
All that of course does not mean, consoles shouldn't be allowed to use dedis at all.