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Kyros said:
I don't think developers will be interested in spending the money required to take advantage of much more advanced hardware.


Moore's law to the help. Let's suppose the next Playstation will be released 2011/2012. Even if the PS4 costs only 400$ to produce at that time (instead of 800$) as the PS3, it will be an order of magnitude faster than the PS3.

 

 And will still cost about double to produce a game that takes full advantage of the hardware compared to this generation.

Even if the harware is twice as fast in the future, very few developers will spend the money required to take advantage of it.