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Quite honestly i like longer cycles. The reason why is because this is a games industry, and i want software developers to worry more about making fun and interesting games rather than be in a rush to use the most cutting edge technology.
I dislike that the market is so concerned about tech and some consumers want to quickly move on to the next thing. Seriously... thats not what this industry is about. I want them to stop with the tech race for a bit and focus on making good games. The existing technology permit's every dream to be turned into reality. There is no need to rush to the next thing.

 

The more powerful systems are ahead of the curve, the more expensive they will be, the more risky investments will be and the smaller the market penetration. Its a highway to disaster. A race to see who explodes first. 

And then we are left with "people don't want consoles anymore we are going mobile derp".