yea i think dev's/pub's want more of both and if Sony and MS can give them what they want/looking for then we'll see some improvements in all areas but if its not streamlined then we could find ourselves paying on Hefty price tag for games.
and game budgets could go through the roof and we don't need that.
It will be interesting to see how the industry deals with the changes. Most devs from what I have heard from devs assets are usally created at much higher levels then end up in the game for verius reasons. And there are plenty of ways to improve graphics by utalising more power without spending a lot more time creating assets like mandating that all games should be 60fps 1080p with plenty of AA and tones of physics bassed objects and particle effects etc.
But I do have a feeling that most developers will go straight to producing more higher quality assets as possible...
yea i agree, but quality shouldn't equal an improvment in grapic's. it should be about innovation in games.