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HappySqurriel said:

Realistically speaking, by the end of 2011 we will likely see the first of the next generation systems and by the middle of 2013 we will have seen all three companies release their systems.

maybe, but seeing as nintendo is doing great dominating this gen and making a shit load of money, they would most likely want to extend this generation longer. microsoft is also doing fine and are earning a nice profit, i only see them releasing their next xbox early if the ps3 catches up to the xbox360 ww in install base in late 2010 to mid 2011. sony would most likely try to extend the ps3's life to the max to try and make a profit and earn back all their losses.