I disagree. I think the Wii2 will effectively mark the 8th generation of gaming. Yea PS3 and 360 sales are peaking, but in 2012 they will be down, and Wii2 will steal the spotlight. By 2014 PS3 and 360 sales will be really weak, and not releasing a successor console by then would be as if they are giving Nintendo their sales. PS3 and 360 won't be able compete with a new console in 2012, sales will drop fast. a PS4/720 will come out at latest 2014, but likely 2013. This will fall in with the 10-year life cycle proposed by Sony (as PS3 will still sell 2 years after the PS4 is released).
I agree with you're Wii/Wii2 sharing software logic, much like NES and SNES, this may happen.
Let's wait until E3.
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