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NightDragon83 said:
Wii U 2012
NextBox 2013
PS4 2014

That's the way it is. Sony can't afford to launch another system within the next 2 years yet when the PS3 is finally starting to turning a profit for them, and with the impending Vita launch which is going to drain more cash from Sony (they're selling it at a loss), and where the long-term success of the platform is still very much up in the air.

The traditional "5-year" console cycle is long gone as of this generation. And even when it comes to Sony, they haven't had to stick to the arbitrary 5-year cycle the way Nintendo, Sega, and more recently M$ did... PS1 was already out for almost 5-1/2 years before PS2 launched in Japan, and it took more than 6 years between the PS2 and PS3 launch. Sony is only going to make their move when M$ does, because they don't feel that the Wii U is as big of a threat to them, as it's only catching up to the 360/PS3 in terms of power and graphical abilities, and won't be leaps and bounds over the PS3 like the "NextBox" will be.

I still think that the PS4 will launch in 2013 because of the potential marketshare lost. Does Sony really want to launch after both the Wii U and NexBox, and even worse, give them a huge cushion to work with? I see Sony giving in even though they will effectively kill off a lot of PS3 profits. Also, Sony waiting until M$ to make their move is still up in the air because we won't know how well the Wii U will do. 

On a side note, I wouldn't write off the Wii U's power as we still don't know how much power it truely has under the hood, and we won't know until next year.