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I really don't think MS wants to give nintendo an entire year with a "next-gen" console in market.

If they can parallel their launch or release it early 2013 with relatively better hardware, they would definitely be able to steer away a lot of the hardcore guys, or from going over to Nintendo. Plus they also have the casual audience covered with that Kinect 2.0 built in. This can put some serious challenge to Wii U sales as they aren't a lone wolf competing in either casual or hardcore department.

Sony I don't know, they are already releasing a pretty high profile Vita against the 3DS after allowing the 3DS to settle in millions of units, I don't think MS will make that mistake.