I'd say 2013 for Microsoft and Sony at the latest. If the Wii U launches in 2012 and Microsoft/Sony wait till 2014 then that would seem a little too late to the party. If they want to hand the next gen sales leader to Nintendo then they can go ahead and release it in 2014.

I don't want to see a next gen console until 2014-2015.

Late 2013 almost every where and 2014 for every one else. with a $199 Vita And PS3.

P.S. thats wht they all say.

this

It's about making money, not owning the most market share. 

that's such BS,they'll come out with something new eventually,there not that stupid.

Well if you release your systems at a loss then it makes it harder to make money.  I know it isn't all about market share but all console manufacturers strive to be on top (and waiting almost 2 years seems a bit too long).  They can easily release a system in 2013 and sell it for a profit thus making money and keeping themselves in the race.  At most they should strive to be at least within a 50 dollar loss per system sold at launch not 100-200 or whatever the PS3 was.  They can wait all they want to release their system but the making money comes from a different strategy.  Don't build a 1000 dollar system and try and sell it for 600.

Sure both Microsoft and Sony would rather hold out as long as possible before releasing their next system (so they can gather more profit from the current generation).  However, once one of them pulls the gun, the other will be right behind.  An early launch can help (360, although rushing it caused the RROD which most gamers apparently forgave Microsoft or dealt with it) or be disastrous (Saturn) depending on the way they handle the launch.

Sounds good to me. Games look and play well right now. Unless the next gen offers something other than just true 1080 or 1600p stuff pc gamers talk about. Than i am not interested. I play some of the most fun games on DS and they look well prehistoric compared to Uncharted's and Battlefield's of the world.

Anyways i think 2014/2015. Atleast Microsoft.