1. I think the next xbox will release late 2013/early 2014.
2. I think xbox will be willing to make an initial loss on the next xbox. They made a loss with the original xbox and initally incurred losses on xbox360. I think they will be willing to loose some money up front to get the greater power/multimedia capabilities that will be expected in the next gen.
3. No i dont think that sony will stick with a 10 year plan. With the other next gen consoles releasing, they will have no choice but to release as well - probably in late 2014
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