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With FFV13 likely not out till late 2010...

I'd put the chances of not coming this generation highest.

With the possibilties of Wii and DS more likely then PS3/360 just due to development time.

With PS3 not being viable console for exclusives... and a new microsoft console coming in like... 2012 at the latest?

I can't see why they'd make it PS3/360.  RPGs have a longer development time over regular games as it is.