Graphics do not equal inovation. Modest performance gains and visual gains are truely not warrenting of a new console generation. 2 years off is somwhat unrealistic, creating a new console means loosing A TON of money, and from a companies persepective, the very (and I cant stress this enough) modest improvements do not warrent millions upon millions of dollars towards developing a new system. As much as you believe it, a new console generation is not coming so soon. the new Wii is at best equal to the ps3 in terms of graphics, just with built in motion controls.
It is, EA is already working with the new X hardware. Nintendo is launching their new console within a year, and S will follow up with something very soon. Graphics do not equal innovation, I totally agree. However, you would be amazed by how much money/productivity is spent on getting modern games to perform well on the X and, especially, the P. I would not expect the next consoles to be sold at a major loss like before. Also, there is no reason to do it that way this time around. You will see an X and a P that profit out of the box, or are sold at a very slight loss initially. Unlike before, where they sold at a massive loss in profit for the first three years of their existence. DX 11 will give a performance gain along side the hardware, and open up numerous features that simply were not possible with the current consoles because of performance issues. Sure, most of the features DX 11 brings DX 9 can do. However, DX 9 cannot do them with any efficiency. Thus, you don't see these features because performance takes too much of a hit. DX 11 leaves performance for other aspects of gaming, mainly the gameplay. You don't have to spend most of your resources harnessing visual power. There are numerous PC games that have gameplay features that are beyond what modern consoles are capabale of without graphics. Dwarf Fortress, Minecraft, etc.
Your arguement that a new console generation would relieve stagnation in mainstream titles makes no sense to me, or really anyone with critical thinking skills. PC gamers can hate whatever they want, whats important is to take a step back and not be a steriotypical PC gamer or console gamer, get a new social circle if your seriously hating consoles because of the somewhat stagnation that has excisted literally since the start of movies, games, art, and music in the mainstream setting
You are right, we will set aside our passions and hobbies because, when we think critically, these things make no sense! Aha, however, critical thinking and taste might as well be mutually exclusive. I need not justify why I like something, or dislike something, though justification shows a level of sophistication that I personally like and use, which is why I apply critical thought to this subject. My passion for PC gaming is being held back by console hardware. That's why I
want new consoles. However, the S, X, and N are well aware that gamers, of all varieties, are ready for something new. That's why there is all the buzz about new consoles all of a sudden. They will be here starting with Nintendo this year or early next year, to be followed by Microsoft late next year or early 2013. If you don't think Sony will participate, you lack the tool of discussion - critical thinking. Anyway, just my opinion. So, we can also agree to disagree. It's ok.