Looks like both Microsoft and Sony are planning to release new consoles in 2013, more than likely in Q3 or Q4 just before the holiday season. There are tons of rumors floating around right now about both of these consoles but considering we are more than a year away from their release its too early to start spreading more other than their release dates.
I do believe the current generation of consoles is nearing its life cycle as their tech specs are getting old. I am ready for the new versions and hope that this time around both Microsoft and Sony concentrate on two main things: 1) a system that wont break. We all know of the red ring of death from MS and Sony had their share of problems as well, including hacking. 2) Price. We do not want to pay $400 for a gaming machine. The Wii outsold everyone this generation and one of the big selling points was the $250 price tag. So don’t give us a blu-ray player if it’s going to add even $50 to a cost of the machine, blu-ray is out anyway, netflix/amazon/hulu apps are much more important.