Yes. Sony will hold out as long as possible to try and reach overall profitability (emphasis on try, they won't make it with PS3), and Microsoft's essentially considering Kinect to be a mid cycle "new generation" already. The next Wii will also probably not be a generational hardware leap over 360/PS3 (although it should easily outclass both systems), so that gives both some breathing room too. I think XB3/PS4 will be positioned around the 4k/1080p3D television shift and possibly even HVD for PS4.
Wii 2: 2012 (PS3-plus spec, Blu-ray, 1080p/720p3D standard)
PS4/XB3: 2014-2016 (next gen spec, Blu-ray, possibly HVD for PS4, 4k/1080p3D standard)







