He's right from a developer perspective, but unless Move and Kinect reverse the trends around SW purchasing noted by The Source, and unless Nintendo find a way to stop the Wii's declining sales, then there is going to be pressure to get new consoles out.
But... clearly development costs on PS3/360 are still steep for many developers, and while it's declining the Wii has nonetheless sold bucketloads with far less horepower than the HD twins, showing that the average consumer (if I may use that phrase) simply isn't hugely graphics/spec driven.
So... I suspect new consoles to arrive sooner than perhaps THQ would prefer, but I expect them to be less of a jump than say PS2 to PS3 and I expect a lot of focus on strong SDK development tools to really aid in lowering the cost of development for high end games.
I also expect them to build and expand on Move/Kinect/Wiimote and I expect to see existing consoles remain on the market similar to the PS2 to PS3.
Try to be reasonable... its easier than you think...
