Everything is possible. And what do you think about PC and mobile gaming?

You can interpretate that differently. You say this is pessimistic but is it really so bad making games avaiable for nearly everyone? The people hate changes but they are not always bad.

Oh yeah, I really hope so and I hope we enjoy them ;)

Oh no, please! Not again ^^

Mhh, that is hard to say because there are even today discussion how powerful the consoles really can be and if it is enough for such a long time.

yeah.At earliest i think 2022 we'd get a new console from them.  Graphicly both XBO and PS4 is going to improve through new tools and optimizing them.  As phil spencer said, think Perfect Dark Zero to Halo 4. That is pretty huge improvements and we will likely see that from both PS4 and XBO.  Right now we are seeing poorly optimized games and a lot of cross gen ports.  However there is some early gen games that are showcasing some untapped potential like Ryse: Son of Rome and InFamous.  But do we really believe that is the best we are going to see?  No way.  XBO will be adding DX12 next year and who knows what PS4 is doing buit it is already capable of 1080p and 60fps pretty easily so it most likely just needs optimized more.  Then you have the cloud whihc i predicted about a year ago to be something that grows this generation.  I could see it being a factor that extends this gen with offloading some power to the cloud to improve graphics even further. Though we may be years off from this happening, it could very well happen.

In the end consoles will never be as powerful as PC and that is how things will be, but PC also isnt nearly as optimized.  so while PC is improving on hardware, Devs are learning more and more about consoles while also improving on software making their own advancements.  As i said of course PC will always be the most powerful but Consoles will improve in their own ways.

EDIT: Btw this was a reply to both people who quoted me xD

2022 I can believe since it would be an 8 year gen which seems more believeable than 10-12, but who knows maybe we will see the next Sony and MS console in 2024-2026. But by then I would have expected Nintendo to have already released their "Gen 10" console.

I can't speak for the entire 8th generation because WiiU is on an entirely different level and XB1 is having hard times with 1080p but PS4 seems to be doing at 1080p but stabilize on 60 fps and/or more demanding graphs. Of course the high end PC graphics will have the edge, and the consoles will soon be outmatched by and average pc in a few years as well but this doesn't change the fact that the vast majority of the TV sets out there is and will be 1080p (or lower) at 60 hertz, which is the ceiling for consoles for a long time.

Given all that and the increased budgets of games and various other reasons, I see this generation (at least in PS4 terms) to be a long one, possibly even longer than the 7th gen).

Its possible.  I am playing Hitman Absolution (free with Gold) on my Xbox 360 lately.  Game looks fine to me.  The new systems, likewise.  The problem most people on this board will have is that most people just want to  play great games.  They don't drool over blades of grass and brick textures 24/7.

These systems might be around for a while.

I need to make a few "edit"s...

* ....but PS4 seems to be doing FINE* at 1080p....

* ... the consoles will soon be outmatched by AN* average pc in a few years.

Also, If I were in the shoes of Sony and MS, I wouldn't simply abandon the 7th Generation any time soon (pretty much what Sony did with PS2), but continue to support it, well into the late periods. They have a huge user base out there, and you may keep the platform as a cheaper solution, while making the games available for a lower price (in a few years) than their next gen versions both and give an upgrade path to those who finally migrate to the 8th gen system.

The graphics jump is still substantial but the 7th generation has been quite impressive and sufficient unless you compare it to the next gen consoles or high end PCs. They should be around untill they feel antiquated (basically like PS2 feels now).