Patcher: "This is the Last Console Generation"

[Ail]

I agree with the fact next gen will be a while before coming but for different reasons.
In the past one of the reasons a new gen would come is that console games felt outdated compared to PC ones. However the market for high budget PC games has vastly been reduced and as a result most consoles do not feel threatened anymore by the PC and that probably won't be a factor in pushing them to upgrade.
Another thing is last gen Microsoft had clear reasons to start a new gen, they were last and clearly thought they could do better if they were given a blank slate and they didn't mind throwing money at it at all.

This gen Microsoft is probably happy with where they are and for financial reasons Sony is a no rush to work on new hardware.
And with the current recession even Microsoft has no icentive to start a new gen when the 360 is doing so good...

The only unknown is Nintendo but the Wii is selling well so they have no reason to rush things ( but they are the only one making money selling hardware so they are actually the one that benefits the most from a new gen launching).

 

The one thing that could change the equation would be a new company entering the hardware market but it's doubtfull before any of the current 3 drops..