EntilZha on 12 April 2009
I think that MS will be the first to put out a completely new console, followed by Nintendo, and last will be Sony. Sony has already made comments in the past about the PS3 having a longer life cycle than the traditional 5 years.
However, I think there is a very real chance that Nintendo will offer a Wii upgrade (like they have done with the DS). I am not saying it will happen, or even that it is likely to happen, but it definitely can happen. Of course, if Wii sales maintain the current rate, there is no need to do anything until they start to drop off.
In the absence of evidence to the contrary, always assume you have the upper hand.
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