Well considering the rumours are implying the next XBO will be more powerful than the next PS4, than I will have to go with that.

My question is if these console aren't launching until 2017, how long do they plan on dragging this generation out?

There are no more real "generations" from the sounds of it. XB2 in particular is likely the start of new upgradable hardware, the consumer simply will chose when they want a "new" generation to start. 

The PS4 neo is launching in 2016.... like soon, in the early fall, so around september.

Its only the Xbox One-ii thats 2017.

So PS4 neo will have a year headstart on the newer xbox one.

"how long do they plan on dragging this generation out?"

2020 is what Im guessing at.

Then you ll see the new Playstation 5, and the Xbox Two (or three, depending on what they name the Xbox 1.5).

But even then, the games will probably still be backwards compatabile, on the newer consoles (not sure about the older consoles being able to play the newer stuff).

Actually the rumor says 4 times the power of the Xbox One.

4 x 1.32 = 5.28.

Not 6.

Everyone is just running with the 6 number, because its a bigger number and sounds better.

I think Xbox One 2.

I think the real big thing here is that with these "mid cycle" revisions they are doing away with "console generations" as we know it. 

By 2019/2020 I will not be surprised at all to see a PS4(Trinity) with 2-3 times the power of the Neo just like the Neo is 2-3 times more powerful than the base PS4. Taking this approach allows Sony and MS to keep the most important thing of any console cycle, their userbase. 

It also brings to consoles something that has been in PC gaming from the dawn of time..... Gaming presets. Only difference here is that while on PC you choose the presets in a menu and set it to what ur hardware can handle, now you choose the presets by which version of the console you buy. 900p-1080p@30/60fps, 1080p with 4k support at 30/60fps and native 4k@30/60fps versions. All the same games, just different presets. 

Yup. A 36 CU Polaris config is 6.178 TFLOPS. That's probably exactly what MS is going for. 

There's nothing fancy/unbelievable about this at all, this would just be a minor custom order of the standard mid-range AMD GPU of the future. 

Polaris tech is not supposed to be expensive, it will be in the $300 range of GPUs. 

Probably less than that even, $250 at retail means likely a $50 profit at least for the GPU manufacturer, $30-$40 for the retailer. 

If it's $250 by mid next year, you're probably talking a per part cost of about $150 for MS or even lower. 

The 7870 GPU which is basically whats in a PS4/XB1 was $350 at launch in 2012 and that's basically what ended up in the PS4/X1. This would match up almost exactly. 

Polaris 10 is a no brainer for Microsoft, $399.99 launch MSRP with 6 TFLOP performance should be no big issue. 

Is this a good development? :/ A new 0.5 console every other year?