the Nintendo Summit is at the end of this month. Historically, it seems just about the right time for one company to reveal a new project announcement or something every 4 years after the current system. Microsoft should have announced something last year if that was the case. X360 is approaching its fifth year. Personally, I don't think we need new hardware so soon. Its great that none of the big three have jumped the gun yet. 2012 is the ideal date for new hardware.