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There won't be an announcement for a new console until 2010 or 2011 at an E3 press conference where they will showcase the look and technological capabilities of the console.

Microsoft themselves said they expect the 360's lifespan to reach 2015, so my guess is a new console will be ready for retail by 2012. Add a year for marketing and development of 1st and 3rd party games and software. 2013/2014 bracket will see the launch of the new Xbox. Its the perfect time, most people will be in position to invest in a new console and the Natal technology will pave teh way for the next level of games.

-U-