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Ail said:

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..)

 

 what you said, and to add.

People do not seem to have the thirst for bigger and better as much, and the Wii has proven this. The PS3 has alot of untapped potential, and the 360 has a good userbase that will be profitable for a while.



End of 2009 Predictions (Set, January 1st 2009)

Wii- 72 million   3rd Year Peak, better slate of releases

360- 37 million   Should trend down slightly after 3rd year peak

PS3- 29 million  Sales should pick up next year, 3rd year peak and price cut