Generations, Stay Dead!
Tech moves at an alarming rate, it is time this industry did too.

Hopefully they are investing in their CPUs this time, they will need them for VR.

Sony and Nintendo have mentioned before that when they release a new console that they're already working their next console so this shouldn't be news to us either. Unless MS needs some attention.

Yup. Generations are over technology and innovations are moving too fast for any companies to decide to stay on track with each other.

It will still be like a new generation, new CPUs and technology advancement will allow to make incredible games which would be impossible on this generation.

Not necessary. I'm interested to see if MS takes the PC approach when they support Xbox 4 and Xbox One X at the same time for a few years. 

Technology is not moving faster than it did on previous generations.

The fact console makers are reducing product lifecycles is an alarming sign of the console market decline, since it signals manifacturers are not bringing in more customers but they're sustaining the business by selling more stuff to the same people.

DIdn't Microsoft try that with the red ring of death stuff...
https://en.wikipedia.org/wiki/Xbox_360_technical_problems

I am pretty sure last generation was full of people re-buying consoles to increase their HDD capacity too, I am sure people liked the slim versions too.

Personally, I only care about PC and the Switch, but if the consoles offer more power, higher quality assets can be used in games.
This helps PC greatly, as it seems most developers don't like to offer any real upgrade for PCs, aside from framerate and resolution.

Many a people will eat salt once Microsoft brings out games that won't be supported on their 2013 hardware. The Xbonex already brings Xbone games to 4k so what novelty would Xbox 4 add to that.

What the hell are you talking about? No one is reducing product lifecycles, PS4 Slim makes up 80% of total PS4 sales, and only 40% of Pro users(20% of total sales) are upgrading from their PS4s. So if you can do 1+1 no way in hell is this about selling more stuff to the same people.

Lmao at "an alarming sign of the console market decline", 7 million PS4s sold in the first 5 months of this year deserves praise, I dunno whether you live on our timeline or just  a very pessimistic person.

Yes, this industry should produce 100 million dollar AAA games on 12 month cycles because WOW a new cpu came out with some extra megahertz!

Generations just mean a cut off point to leave the shackles of ancient hardware behind. The concept of generations never died, not even on mobiles, you have games and apps that are not supported on older hardware.