Panama on 12 March 2012
Definitely a 720/Nextbox reveal due to Epic's close ties with Microsoft. Microsoft would want to kill off any chance the Wii U has at garnering a decent lead and I believe a Unreal Engine 4 demo running on the 720 would do just that. Combine that with a more functional Kinect device that might finally be viable for core games and we'll have a closer generation sales wise than the last.
Yet I don't see why so many are in a rush for new consoles. The consumer only recently has warmed up to the HD twins, announcing new consoles would only put a halt to all that momentum. The 360 had its best sales year in 2011 if I recall, and it did so with just Gears 3 and Forza 4 under its belt. So clearly the demand is still there.
