I like this thread, thanks Superchunk 
As for the rumored specs: They're pretty much in line with what I expect: 6 core CPU's for Microsoft and Sony consoles and Nintendo going with 4. Here's hope Sony and Microsoft will put more than 2GB of Ram into their consoles. Ram has really been a bottleneck this generation and the prices are incredibly cheap right now. It would also allow for more multitasking features. This generation definitely overshot the market at first (specs wise) but I am willing to pay $400 for a powerful new console.
One question for those who are more into this: Do you think Nintendo can keep the relatively small size of the Wii U console if they put a quad core in there? It's bigger than a Wii but most of the space will still be taken by the disc drive. I remember when rumors about the Wii said it was going to have a 2Ghz dual core CPU and no one even considered how tiny this thing was.
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