Completely unrealistic, but some perhaps plausible for first year...or 3....

PS3

Uncharted 4
Gran Turismo 6
Killzone 4
Motorstorm
New ip from Sucker Punch
New ip from Santa Monica Studious

Xbox 360

Kung Fu Chaos 2 (would love to see this hilarious game revived)

Multiplats

MGS5
Fallout 4
FIFA 14
Mass Effect 4
Dragon Age 3
Watch Dogs

Trying to keep it realistic (though this is like the best possible scenario):

PS4:

• GT6 prologue
• Uncharted 4
• New santa monica IP (they've been working on it for over 2 years now if I'm not mistaken)
• Killzone 4
• New evolution racing IP
• The Last Guardian

X720:

• Alan wake 2
• New rare IP
• Forza 5
• Halo 2 HD remake
• New games from a couple of those new Microsoft studiod

Multiplats:

• Watch_Dogs
• Destiny
• Fallout 4
• Just Cause 3

I hope for new awesome RPG's hopefully some in old school style too ^^

A new game for quantic dreams

And FF-Verus is planed as a PS4 launch title too ^^

The rest of the list sounds very likely


PS:Alan Wake 2 is on PC(confirmed) and PS4 (They try to make it possible too)
And Rare is sadly out of the game their whole studio restructures they only do kinect games now
Sadly I don't think the remaining MS Studios will create a new IP MS has no interest in the console market anymore , the try to sell the entertainment division because of null profits for over a year now ( inkl xbox) http://en.wikipedia.org/wiki/Microsoft_Studios

Halo 5, and I suppose Destiny.

I wouldn't mind seeing a few new Ip's that stick from Microsoft. I plan on getting the 720 regardless though.

Uncharted 4
Fallout
final fantasy versus 13
Gran turismo 6

PS4 :

Final Fantasy VersusXIII

The Last Guardian

Bayonetta Σ2

Watchdogs

Metal Gear Solid 5

Battlefield 4

not sure which console i will own first so:

nextbox

pgr5
rpg or third person game in halo universum
the unreal engine 4 demo with that demon as real game

ps4
gt6
naughty dog game like uncharted but in a fantasy world with much more crazy stuff
samaritan demo as real game

just let me dream

Hmm...well, I don't want either to front load all these potentially great titles. Also, I'm suffering from sequelitis, so I wouldn't mind if there were no 3s, 4s, and 5s in the mix.

Xbox:
New Rare IP using Kinect hardware -- something that recalls Rare's glory days
Maybe an open-world brawler from Ruffian
Sci-fi action game from Black Tusk (probably too soon for this one)

Playstation:
The Last Guardian
Survival-horror game (maybe by Tango?)
Maybe a new racing game from Evolution Studios

Wow there buddy. Theres no sense in asking for 120fps. your eye cant tell the difference from 60 upwards. At best the game just gets faster.