First out of the gates? Most likely Microsoft if they decide to continue with the console side of the business. Followed by Nintendo and finally Sony. I think Sony will try and push the PS3 out as far as they can to make a profit off it. If the system all of a sudden stopped selling, we could see Sony out the door first. I think the PS3 will be sticking around though ;) so I expect MS to take the pre-emptive strike again with a console that's smaller then the 360 and named something other then Xbox, they'll also market it without the MS name attached to it much like the Wii.
MS could easily re-address the problems with the 360 and re-release it under a new name. Add some cache to the CPU's, add more Ram to the system get a slightly tweaked graphics card and they'd be set to go. They may even want to drop the video card and rely on Ray Traced graphics by going with 2 6 core cpu's based on the same design as they currently have now with their CPU but with dedicated cache per cpu and a faster system bus. 12 core's 4+ ghz each would easily handle Ray Traced graphics.
Prepare for termination! It is the only logical thing to do, for I am only loyal to Megatron.
