To be honest, I'm not especially impressed with the "advances" of the latest generation of home consoles- they just don't seem to be able to really do anything NEW, unlike when the original Playstation and Nintendo 64 came out, with their ability to handle games like Mario 64 and Spyro the Dragon- games not really possible (or at least practical) with the 16-Bit generation.
Since not much time had passed between the current and previous generations, it may well be that before long the next generation will be released, in spite of underwhelming consumer demand.
What will they offer, do you think? Anything truly NEW, anything that absolutely couldn't be done now?