I don't think them anouncing a console at e3 would be stupid move or will it hurt them and I don't think them launching a console by the end of this year will hurt them either, but I don't think that makes sense, 360 is on a roll right now and I think microsoft will want to give the 360 this whole year at least, before anouncing a new console at say CES 2010, but I think E3 2010 is more likely as it will give 360 more room for it's last big holiday push, I have read multiple reports that fall 2010 is likely the launch of the next xbox.
I say bring it on in 2010 Microsoft it will be 5 years since the 360 launch and that 4 year or too soon reputation microsoft have from the origional xbox will be thrown out the window and microsoft can continue with the typical 5 year console lifecycle.
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