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Nope!

Both X1 and PS4 are far more profitable then their predecessors were, both had more explosive launches, both will burn out and peak by end of 2017, both will age faster then the then their predecessors tech wise. Above all though aligning themselves as close to PC achitecture has proven a winning formula, meaning both systems are likely to have backward compatible successors.

I'll happily go out on a limb and say we'll see X10 in 2017 and PS5 in 2018. Both will be backwards compatible.