Looks like we're looking at PS3 and Xbox2 coming out soon. Sony and Microsoft are really trying to get a finished product on the market.  I heard that at the E3 convention Sony's actually going to have a prototype out.  I just know one thing, i'm buying PS3 when it comes out(Unless it's like $500). 

            As for XBox2, Mircosoft is for right now anyway keeping a low profile and trying to keep Xbox2 away from Sony, being afraid Sony will improve the PS3 if they see it.

            For right now I hear that XBox2 is supposed to come out late this year but no promises and as for Sony who knows, hopefully by 2006.