Let's get a couple things straight:
-Logistically his Securitron army is a powerhouse. Yes, pulse weapons could potentially provide an Achilles' Heel, but that's a question of actually applying that many on such a grand scale. The only individual who would seem capable of manufacturing a mass-scale pulse weapon is the Courier, who has direct access and free service from the Think Tank.
-The Hoover Dam is without a doubt one of the single most valuable pre-war commodities in existence. The Great War began due to a scarcity of resources, thus meaning that cleaner renewable energies would be more valuable. The Hoover Dam is the 6th largest hydroelectric dam within the United States; the only source of clean water and electricity that would dwarf it's output would be if all three major dams built upon the Columbia river to the north (Washington and Oregon) are still fully functional (questionable, remember Vegas is largely intact due to House, though it's also true the NCR is largely responsible for getting it back up and running to the degree that it is) and if one faction could manage to capture and control all three. The Hoover Dam virtually solves all issues of water and power demand that any other nation would struggle with.
-Currently and if the case were to be that House were canon (thus meaning an NCR and Legion defeat alongside the Courier's support for House), there are absolutely zero superpowers within the Core Region proper that could directly and immediately oppose House. The closest potential threat would be the Midwestern Brotherhood, of which we know very little and even that seems farfetched since the Midwestern BoS is also assumed to be busy fighting (and partially losing to) the Legion on the Legion's eastern front. (the source for this being that the Legion has experience fighting the Brotherhood and the only known case of the Brotherhood existing within the Legion's vicinity is the Midwestern chapter)
Specifically naming House and not Indy despite the two sharing similar traits simply because Indy is less likely and less capable of expanding. Both could do a fantastic job of defending their borders, but Indy would struggle to organize and expand whereas House would not.
I bring this up mostly because in the past, we've argued about which ending is likely canon, and in the past we've argued why this or that nation should be the victor. Now I'm sort of past the "I would like this nation to be the victor" and more focused on the "which nation seems most logically implied by the storyline to be the victor." As an example I've recently played a female character - something I rarely do - and talked to Red Lucy. Sure enough, the way to initiate Bleed Me Dry was to hit on her. In the past there have also been discussions about if the canon Courier could possibly be female, which is something I've always found unlikely (both because of the target demographic for this game and because a female Courier sort of downplays the drama of the storyline by making the Legion a semi-non-viable or realistic option for the Courier), but that little snippet just further reinforced my belief that the canon Courier will of course be male as it matches with the storyline and makes more sense within gameplay. Sorry to any feminists or people who'd like to see a change of pace from the caucasian male protagonist pattern. Maybe next time; after all, the Courier was the first to break the heavy armor + dog companion + good karma trope (unless you count the Warrior from Tactics, as the default character iirc was African American).
To me, Indy still feels like the most implied ending with House taking a close second and an ambiguous Indy-or-House ending feeling VERY plausible (aka it's revealed Vegas is now under independent control, but isn't clear by who). The biggest thing working against a House ending, to me, is simply that it's TOO perfect. Too perfect in the sense that there's no plausible or realistic conflict against a Vegas controlled by House in the future (who could possibly oppose it) and so long as it's running and stable, we'd presumably see a steady rise in technology present in the post-apocalypse. With Bethesda making an awkwardly scientifically inaccurate post-apocalyptic FO3 game 200 years after the apocalypse and Avellone and Sawyer of Obsidian in disagreement about just how advanced and civilized society should be allowed to become, this seems unlikely.
My questions are basically this:
1) What could ever possibly hope to oppose a House-controlled Vegas. Assume that every major faction we've encountered suddenly went into a mass-scale war: how could House POSSIBLY lose?
2) Do you think it'd be interesting to see a House-controlled Vegas as a major player in future post-apocalyptic politics of the US?
I ask because I'm entirely 50-50 on it. I do think it could potentially be interesting, but at the same time I struggle to see how on earth a House loss or struggle could possibly arise in future titles, thus meaning a House canon ending = House wins forever, which would surely grow stale.
I'd also like to welcome anyone who would like to argue an NCR or Legion ending would be more ideal as I'm somewhat inclined to agree. I think a Legion ending would actually be incredibly interesting and spark all sorts of new potential conflict for the Fallout universe as a whole; I simply feel as though a Legion ending is the least likely of the four simply because of how overwhelmingly unpopular they are.