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OdinHades said:
I don't care about graphics. I buy consoles because I don't want to worry about hardware and stuff. I just buy the damn thing and I'm good for at least five years. If they beef up the specs, sooner or later there will be games exclusively for that new machine, forcing me to either miss certain games or buy new hardware. That would piss me off.

If I wanted to think about hardware and upgrade every 2 or 3 years, I would just get a PC.

You still do not have to worry about hardware unless you want.  When a new graphics card comes out, do you worry that the games you play will stop working.  If you are comfortable with the hardware you have do you upgrade.  If new games and old games will still work with the investment you made with the existing hardware, how does this hurt your current investment.  

The type of hardware change MS and Sony are talking about will not suddently make your current hardware obsolete.  Actually faster hardware would not make a difference as long as the base unit does not change.  Developers will do what they do on the PC.  Code for the lower end system first to make sure everything runs on those systems and give options to run better for the newer hardware.  It would be stupid for developers to not make sure the current system run great since theire are way to many systems to ignore.