Who will make a new console first?

[Millennium]

Sony won't be first, but not for lack of trying. They were so cocky about the PS3 that it's unlikely that they started development on the successor console back when they should have, and while they have probably started by now, they're playing catch-up. They won't have a successor ready by the time the other two companies do.

That leaves Nintendo and Microsoft, who will stare each other down as long as they dare. But one of them will eventually have to blink first, and Microsoft's dependency on the upgrade cycle combined with Nintendo's continued dominance with the Wii will cause them to try and release first again.