New Wii Within Three Years?
Capcom exec predicts new consoles soon

It's about that time. Certain industry folks are talking time frames for the next round of systems. All three consoles will see successors within three years according to David Reeve, current COO of Capcom and former Sony executive, Digital Trends reports.
“All the first-parties have got to be working on something,” said Reeve. “The tricky thing is when do you put a stake in the ground on technology? That’s the problem. You can be waiting a few extra months to implement something, but you’ve got to set a date to go with a certain chip at a certain point otherwise you’re going to miss the key milestones.”
In recent memory, most console generations have lasted around five years. The Xbox 360 will hit that milestone this fall followed by the Wii and PS3 next year. But is anyone ready for new hardware yet?
All three consoles continue to gain new features thanks to Internet connectivity and software updates. The Wii just gained the ability to stream Netflix this year, for example. Incremental hardware upgrades like Wii Motion Plus also help to extend a console's lifespan.
But the 3DS could be the first early shot in a new round of console wars. The handheld is capable of visuals nearly on par with the Wii. Add in that both of Nintendo's competitors will soon have rival motion controls and Nintendo just might be feeling pressure to release a new system with not only more power but new play experiences.