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Mazty said:

Then how come re-releases of old consoles like the Sega Saturn aren't considered current gen?
You have to be a successor to your previous iteration whilst being better then the current gen competition. As such, the WiiU is not next-gen, but this gen, due to it's hardware being on par with current consoles. It's this gen, and very late to the party. 

They are though.

Think the Wii, PS3 and X360 are the only 7th gen consoles?

What about the HyperScan by Mattel, or the Zeebo? Or the Atari Flashback even? Sure, one has N64 graphics, the other SNES and the last is a 2600 clone, but they're still all 7th Gen. Time is the only deciding factor.

Even then, the WiiU kills PS360, so the only relevant comparison anyway would be against PS4720. Which can't even do yet.