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well, many articles have indicated that the developers will try to keep this generation going for as long as they can...i dont see a new console coming out until 2015...i feel that the ps3 has a lot of power left in it and despite what some ppl say, i feel that the 360 is still quite powerful...maybe not as powerful as the ps3, but still very powerful...the wii may not be a graphical powerhouse, but the innovative things that they keep doing will ensure that they stay in the console race for a long long time this generation...so yeah, i dont think its time yet...i wudnt want one until 2015 atleast lol i spent too much money on my ps3 :P