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The answer is not really, despite what some hardcore will tell you here, wich is their vision.

Tech wise there isnt a huge evolution that can be perceived by the human eye. The average consumer cant tell the difference and doesnt like purchasing multiple consoles. I know of people that have bought Wii's and PS3's last year.
The hardcore though, were eager to see something new. This wont last though. As diminishing returns become bigger between generations, the high the chance that the market will collapse on itself. People just wont see the value on buying a new product for hundreads of euros/dollars for something they can hardly comprehend.

I am convinced that we might only have one more gen after this new one, if at all. Streaming is the way, not because its more convenient or better, but because there isnt a logic support to the purchase decision of a new console. I'm certainly not looking forward to it.