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Guess it depends on what your definition of "next gen" is. For my money, next gen is a brand new console with brand new games and features, with improved hardware. So yeah, WiiU is "next gen."

I don't know what people expect to see out of Sony and MS's next consoles. I have a feeling they are going to be dissapointed. After all, how much better can graphics get at this point? Even if MS and Sony have improved graphics from Wii U, I can't possbily see them being much better to the point of being obviously noticable, and justifying $400 + new controllers/accessories. I see it being more like the Xbox 360 to PS3 comparison.