Crytek: Current gen will last until 2012

[Xello]

So no new consoles 'til 2013+, that's been known for a while now, and yeah it's highly likely that the extended console cycle will severely inhibit developers wishing to put money into visuals that will only be seen on the PC version of a game. This is the first time this has happened so we're in uncharted waters, and the industry is still so young that it's unpredictable enough as it is.

What ridiculous licensing fee on multi disks?

Zanzabar is right, the fees for 2, and especially 3 or more discs per game rise exponentially. This is just one example i found:

http://www.shacknews.com/onearticle.x/53976

That isn't enough motivation for MS to abandon the 360 and pump out a new console just yet, however, they'll be holding off for a few years just like Sony.