Is the Next Generation of Game Consoles here?

Reports that Microsoft is planning a 2013 launch for their next Xbox console – implying the end of the 7th generation which will have lasted 6 years as opposed to the historical 5.

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While this article by Randall Stross doesn’t mention exact correlations,

At rare times in our collective history a tech product

Second screen is today’s Wild West. It’s a nascent market