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I can bet with anyone that by the end of 2012 MS, Sony and Ninty will have released their next gen consoles.

If it isn't clear for you for now, just wait until February or March to see how the whole thing will seem to hit the wall at once... comparisons showing all the consoles and handhelds down year on year some 30%-60% and widespread dismay here at the forums, I can picture it already. The market reacting positively to the 3DS will only make things worse for this gen.

Gears 3, Uncharted 3 and Skyward Sword will be the last huge bullets this gen. Expect Sony, Ninty and MS to focus on their next gen platforms after that. Come on, you know they will.