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I think you're definitely right with regards to Move and Natal being preparations for the next generation, and I also agree that both Microsoft and Sony have failed to show something that makes it seem as though they understand Nintendo's audience. However, earlier today, the US Playstation site put up some new games that support Move, one of which were ModNation Racers. If Sony play that one right, it could be a big success for them (as seen with Mario Kart).

But I'm also convinced that they will both roll out their big games at E3, which is after all the consumer show. So for now, I'm not convinced, but I think it's too early to call.