I look at it as a luxury to living. There's no waste in such thing. You enjoyed it. You had your time with it and now because they're out dated are waste of money?
No, i don't think so.
I don't have any console now but number of game i bought(PC) and how many G-cards i changed for better performance, i think it would be a great deal of cash.
And i do it if i go again from the beginning.
Don't judge you're self now. Try to think as you have see a new game at the store. Now what?! still wanna buy it or it's waste?
That's a very positive view on things! However hard it feel's losing all this money on ur entertaiment it was worth it!!!