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Hopefully not till at least Fall/Winter 2012. 

I just bought the new slim 360 in October and spent $750 on gaming in total since October. I want to get my moneys worth out of it before new shit comes out.

There's no way I'm buying a console at launch next gen anyways though. I did with the PS3 this gen and regretted it. I'll probably wait till the first round of price drops if I can.