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It's still very possible that it's releasing next year. Sony is going to want the PS3 to sell as much as possible this holiday. It wouldn't surprise me if they were releasing the PS4 in 2013, but were just waiting until after Christmas. They could announce it until New Years or something.

Personally, I don't think it would be smart for Sony to give the 720 a year head start. If the 720 releases before the PS4, and gets the first next-gen-designed CoD, then it's possible that a large chunk of PS3 CoD players would flock to the 720. The same goes for other annual releases. I don't think Sony should take that risk.