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I like the rumors, but I don't put much faith in them. The speculation is fun, but sometimes the lack of logic in that speculation is just mind-numbing. The PS4/Cell processor rumors from sites without any accreditation are just dumb. The next Xbox rumors are all over the place, but part of that is due simply to the fact that the leaked presentation allowed for wide speculation as to what Microsoft is up to.

What I do think is happening, especially as of late, is that there is truth in some of these rumors and other are meant to obfuscate that truth. Hence why you see competing rumors. Either that or it's a matter of people hitching their horse to a particular cart and just feeling the need to keep going with it.