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superchunk said:

This will force Sony/Nintendo to also put out new systems within at least 1yr of the neXtBox. So, I expect 2012 to be when all three have new systems.

360 will have a quick death of <1yr after the neXtBox.
PS3 will be like the Gamecube and slowly die off over the next 2yrs.

Exactly.

Xbox 3 released in Oct 2011

PS4 release in Oct 2012

the PS3 will be dead 2014.

Conclusion: Ps3 lifespan maximum 8 years (which is not bad at all)