The next Xbox and Playstation are DEFINITELY releasing Christmas 2013. That is verifiable fact.
And known developers at NeoGAF have confirmed that the Wii U is very underpowered compared to both Microsoft and Sony's next gen consoles. The analogy used was:
Wii U: Low end PC
Orbis (The next Playstation): Medium range PC
Durango (The next Xbox): High End PC
The tech in Wii U is three or four years old already. It is ancient.