I don't trust the reports of the issue with chips, we hear the same thing or at least something similar almost every console launch, with the wii U it was that there was an issue with the control and that it would't come out till 2013. There may be problems or delays but its not even 2013 yet so I don't see that would result in a 2014 launch for microsoft.
My bets remain
Xbox 8 fall 2013- launch titles: Destiny, Watchdogs, Ryse, 2 Rare games; 1. action/adventure 2. Kinect title, Unreal Tournament 4 and then the usual COD, FIfa, Madden.
PS Orbis march-september 2014. I'm personally hoping they release in september
Launch titles: Final Fantasy versus XIII, Starwars 1313... sony tends to go for all new IPs each gen so the rest I won't even guess at.
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