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The next Xbox and Playstation are DEFINITELY releasing Christmas 2013. That is verifiable fact.

And known developers at NeoGAF have confirmed that the Wii U is very underpowered compared to both Microsoft and Sony's next gen consoles. The analogy used was:

Wii U: Low end PC
Orbis (The next Playstation): Medium range PC
Durango (The next Xbox): High End PC

The tech in Wii U is three or four years old already. It is ancient.