In my opinion, the times of consoles being able to compete with PCs during the time of release are comming to an end. The expenses and risk is just too high for either Sony or MS to make any more unprofitable consoles. So my idea is that they'll simply use the existing tech (probably new illiterations of the Cell and PowerPC CPUs, a medium-end PC graphics chip and more RAM) which will provide for true 1080p visuals at 60 fps which should be enough for a few years. The games themselves will also be more or less sequels to existing franchises so expect more Halo, Gears of War, Uncharted and KillZone, with a new IP here and there. It's also very likely they'll focus more on "gimmicks" this time as a selling point.
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