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mysticwolf said:
We are getting to the point to when the successors to the PS3 and X360 come out, the graphical enhancements won't really make much of a difference, because to me, the graphics are already so good that any inprovements won't be noticable.

We arn't even close to the graphical limitations, Of course the progress toward those limitations might slow down consiurbly. Its not as if we have  glassless 3D QFHD 2160p  TVs and Consoles capible of redering out ultra high polly models  with ray-tracing to get all those dynamic reflections, lighting, etc etc (thats still very far off). But in the mean time most games do not run at 1080p/60fps (more like 640p) and the animations, physics, and lighting can be vastly improved (the next version of the unreal engine should be a notible improvement at the very least).