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I think more consoles will release from Sony, Nintendo and Microsoft however the jump in specs will not be say the jump from PS2 to PS3. For Sony PS4 would be simply the PS3 specs but on steroids so that way they get a very powerful system which would not cost $600. Nintendo will go HD but stick to the motion controls and lastly Microsoft will make the biggest jump in tech.

All IMO of course, yes I actually have to say "IMO" as some think Santa has a gun to my head making me write this trash. :/