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Next Nintendo: Will use a GPGPU by ATI, SSHDD and will beat the crap out of PS3 and current PCs in term of graphics. Obviously, it will support 1080p at 60fps on all games, no exceptions, no slowdowns. It will feature motion controlling again, but infinitely more advanced, and head tracking. Will sale for $299 and will launch in late 2013.

Next Xbox: Will use a GPGPU by ATI, but probably a bit more powerful than Nintendo's. Traditional HDD, WiFi and motion controllers comparable to the Wii's, but much less advanced than Next Nintendo's. Will launch for $370 in late 2012.

Next Playstation:
Pessimistic prediction: There will be no PS4.
Optimistic prediction: Will feature the same DualShock form factor, but with tacked on pointer and better motion sensing. Will feature a traditional HDD, will not feature a proper GPU, but a multi-Cell architecture and all developers will hate it. Sony will learn from their mistake, and will launch for $450 in 2011 (at earliest) or mid 2012 (at latest).