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I don't get the "it's too soon" mentality for a 2012 release. The Xbox launched in Holiday 2005, so that would be a full 7 years later when most generations are 5 years. The PS3 and Wii would be at 6 years, so still longer than a normal generation. I think the fact that we've reached a point in this generation where it's all sequels and no major graphics or gameplay shifts come about anymore shows that it is in fact time for a new console.

I say bring on 2012! And I cannot wait for E3 2012 either!