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I'd just like to throw this in the topic for no specific reason:

Game Technology Advancement:

2-3 years from now, the technology we build our games with will be far more advanced then what they are at right now, which will allow us to render games with better quality graphics, with less of an impact on the hardware it runs on.

An example of this would be COD 2 -> Gears of War -> Gears of War 3, in 6 years time, the technology has improved so much, we've been able to run far better looking games than we did with the engines we used at the start of the gen.