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I think its unlikely. I could totally see it happening if it wasnt the US market that seems to act like nothing happened between gens.
Unless it sharply loses popularity in the US it will continue soldering on.

Microsoft will 100% try to rush the next gen again though, and that is my biggest concern, as last time it destroyed a large portion of the publishers/developers. If it happens again, i dont think there will be a home market left. Unless consumers don't go along with it. Knowing Microsoft's advertisement muscle and funds, it will be unlikely though.