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*Sound Of Rain said:
Jdevil3 said:

"I think it's unlikely [that PS4 will be announced in 2012]. Wii U isn't going to pressure anyone, it's Nintendo's catch up to this cycle, and the other guys are going to see if the tablet integration is worth copying first. That means nobody is going to finalize specs till they see if Wii U succeeds. I am sticking to 2014, so an 'unveil' in 2013," said Wedbush Securitites analyst Michael Pachter.

I don't know why people always say that Nintendo is just playing catch up with Wii U. Isn't Wii the top selling system this Gen...or am I wrong?

Probably because the Wii didn't have the horse power to compete with the 360 / PS3 graphically. Shallow as it may seem, graphic matter to a lot of core gamers, speaking from someone who consider himself a shallow 'core' gamer of course.