Xbox 360 was released in 2005, just four years after the release of the Xbox. It's now 2012 and Microsoft has not uttered a peep about updating its 7-year-old hardware. Neither has Sony said a word about PlayStation 4. Yes, Nintendo showed its Wii U console, to be released this year, at Electronic Entertainment Expo last week. But based on the look of the games on the show floor, Wii U is roughly on par with Sony's and Microsoft's current consoles, not a big leap over them.
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