From vg247.com:
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In a recent industry newsletter he sent to our in-boxes, Pachter reiterated what he told us at GDC that this current console generation is that last, and if not - it's going to be a while.
"We do not expect a "new" console in 2010 (other than the long-rumored high definition Wii, which is likely to upgrade the Wii to current console technology)," he wrote. "We do not expect the 'next' generation to begin before 2013, if at all."
"We remain convinced that the publishers will resist the introduction of any video game hardware technology that requires a refresh of software, as the publishers have as yet to capitalize on the immense investments made in being competitive in the current cycle."
Full Story: vg247.com