TheBigFatJ on 19 June 2008
Microsoft intends to release the successor before Sony and Nintendo release their next consoles, if that is possible. They strongly believe in the first mover advantage, and they plan on getting that again.
That said, Nintendo is rolling hardcore with the Wii and Sony and MS both want to hit profitability and neither has sold nearly as many units as they'd like. None of the systems can be considered powerful anymore, but that obviously isn't important as the PS2 had all the games even when it was woefully outdated.
