No modchip required, no soldering, broadband penetration on the rise, filesharing was now a thing.
I completely understand the Saturn's botched launch and limited number of retail outlets, but the Dreamcast had the best launch of all time up to that point and broke sales records.
I'm not convinced piracy is not in fact the cause of the Dreamcast's demise.
I really did love the Dreamcast, built in modem and the second-screen VMU.
If you don't think piracy killed it, what do you think killed it? The PS2?
The DVD drive after the ps2 was released probably would be a huge factor though, if the dreamcast wasn't in fact already dead which it was.
I'm sure some business school guys have written papers on this, I should find them. Would be interesting to read all the opinions on Sega's near death and exiting the hardware business.