The problem isn't console exclusivity, it's
unequal console exclusivity. The Gamecube and Xbox versions of Soulcalibur 2 had Link and Spawn respectively and that was awesome, but the PS2 version had Heihachi and that was lame in comparison. And what's hilarious is that he was a last minute inclusion because they wanted Cloud, someone who wouldn't have to be limited by consoles anyways.
This standard seems unfairly targeted at Nintendo since neither Sony or Microsoft have the shear amount of first-party IPs to match