Kotaku: Microsoft And Sony Targeting 2014 For New Consoles

[Vetteman94]

nightsurge said:

I still say late 2012 like Nintendo, or late 2013 at the absolute longest and most likely. They aren't going to give Nintendo 2 full years without any competition.

Maybe they dont believe this new Nintendo console is actually the start of the next Gen.  If the rumors are true that its on par/slightly better than the 360 and PS3 than I would agree with that as well.  They may feel that the PS3 and 360 is enough competition for the new Nintendo console.