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i think sony learned from the "mistake" to release a console at 600 - 700 bucks, they will release their next console much cheaper. but they also said they have a 10 year lifecycle with the ps3 and that would probably mean that they release their next console in the end of 2013 or 2014 and switch the focus to the ps4 completly in 2015 which then completes the 10 year cycle. Microsoft will proberbly release their console 1 year before sony again because that strategy worked very well.I believe that Nintendo cant wait that long with their console because its graphically to outdated in 1 or 2 years. and then you have  the problem again that it is like this generation with hd vs nintendo. maybe not with such a big difference but it will be more like gamecube vs PS2