Spirit Ghidorah 2010 wrote: spend a giant chunk of money when the next generation of consoles comes by,
It takes every five to seven years when a new console comes out, giving people time to catch up. People forget that the Wii and PS3 came out in 2006 and the 360 will be 7 years old later this year. I think it's time for a new console.
Pretty much this^
Although possibly, by the time PS4 is released, the PS3 could be 7 years old and some months. Or nearly 7 years old.
For Wii, let's face it, it needed an upgrade. Of course 360 as well, somewhat.
Anyway, I feel that it's time for a new console installment. But like any consumer or gamer with standards, the product better be impressive and worth it. The same goes for the fresh wave of games coming out for the new consoles.