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Barozi said:

first of all calm down.
Gearbox CEO also said that Wii U would be a "brigde to next-generation", so apparently even they don't see it as a big enough graphical leap over PS360 to consider it as "next gen".

That is ok, we can live with that, and I don't think anyone is expecting 8x better than a Xbox360, just 2x or maybe 3x. The problem would be if it is exactly the same or even worse graphic capabilities of a PS3/Xbox360.