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spemanig said:
2021 is then this generation will end at the absolute earliest. 

Absolutely not happening. Third parties were disappointed with the XBO/PS4 upon their release, performance-wise, while the PS3/360 were actually high-end hardware when they released. This generation will probably be closer to the sixth in length rather than the seventh. New XB/PS in 2019 at the latest (which would be six years.) I'm thinking Holiday 2018 would be more likely.