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Honestly with the release of the Pro and Xbox 1 X it will be quite some time before something that feels worthy of being called "next-gen" would actually be affordable.

It's possible that the next gen will be only a modest improvement over the Xbox 1 X and Pro as the majority of gamers don't actually make the upgrade, but that seems like it would take some of the steam out of the next gen... Either way, 2019 does seem like the earliest possible date.