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a few people in here have posted that MS and Sony can't release consoles that much more powerful than the Wii-U for fear that they'll lose third party cross platform titles.
That's complete nonsense.
The only thing that's going to limit the technical abilities of the PS4 and Xbox(insert # here) is cost. Both companies have a massive, entrenched fanbase and could care less how powerful the Wii U is going to be.
If they're able to squeeze in 20 times the performance of Nintendo's next offering and do so in a cost effective way, then that's exactly what they're going to do.
Besides, that argument is completely contradicted by the Wii's success this generation.
Developers ALWAYS want more power and more room to create what they envision. If both of those machines are significantly more capable than the Wii U, developers and gamers both will gravitate towards them. Developers for what they can achieve and gamers for what they can experience.
I think Nintendo and the Wii U are actually in a bad position. MS still has plenty of room, time, and opportunity to keep the 360 relevant for another year 1/2-two years. I don't see them launching anything by next christmas.