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We won't see one before 2010, more like 2011 IMO. While the PS3 might pass the 360 around that time, MS won't care because there's a good chance the 360 will be breaking even around that time (sans RRoD costs).

Double that with the hit Sony is taking financially to keep the PS3 viable, they won't be releasing a new console before 2013 or so. That gives MS 4-5 years to jump over the PS3's tech and ~2 years get a foothold before the PS4 hits shelves.

By the time 2010-2011 rolls around, MS will be able to release a console that will destroy the PS3's capabilities for $250-300 at launch.




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