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With the current economy consumers will want to make their console last longer and the same is true for developers due to higher development costs.
So it's very likely that this gen will last longer than the last gen....

And honestly personally I am not looking forward to upgrading again.
I was very eager to go from the PS2 to the PS3 but I don't see any technological advance I would want on my console aside maybe from more RAM.......( I can't say I feel like PC games are getting so far ahead of console gaming, especially partially due to the fact that high budget PC only titles are slowly becoming rarer and rarer..)



PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !

PS3-Wii gap : 20 millions and going down !