Kotaku: Microsoft And Sony Targeting 2014 For New Consoles

[Gojimaster]

I'm surprised you guys think the Wii is only going to be on par with PS3/360.  The Wii was an aberation in Nintendo's overall gameplan.  Nintendo definitely isn't going to be as powerful as 360-2 and PS4, but the 360 is already almost 6 years old.  Nintendo should easily be able to surpass the 360s power by 2-5 times and still maintain innovation and profitability. 

As for 2014 rumors, they simply make no sense.  360 sales are tanking fast, even with Kinect.  360 definitely won't be able to keep momentum for 3 more years.