I'd rather see Sony and MS wait 2 or 3 years. There's still a lot of life left this gen.
Yeah so much life that the PC is being held back due to the PS3 and 360 being so technically inferior to even low end PC's.
Dude, just because the new freaking console comes out doesn't mean that they companies will stop development on their PS3 games. Persona 4 and quite a few other great games came out on the PS2 during the PS3's early years.
The fact of the matter is gaming needs new consoles to spur development. Titles like Watchdogs NEEDS new consoles to develop on.