Meh. The future of gaming looks the same as it's always been. The three dominant predators will release three different but ultimately actually quite similar consoles in the space of a year. Aside from the Wii they will all be stupidly expensive on launch day, so most people will probably wait until the price is lowered.
Regardless of that, the day all three Next Generation consoles are finally on the market, the new age of Console Wars begins! The gaming forums of the internet, including I fear this this one, will be filled to bursting point with pastey, fat, spotty virgins arguing over the merits of three inanimate pieces of equipment which really aren't all THAT different from each other if you think about it.
As times goes on, many great games will be released for all the consoles, of course the fanboys will pretend good games released for the consoles they don't own just simply do not exist.
After a few years, the console war will die down, we may even lose one of the consoles if the sales plummit. By this point Sony, Nintendo and Microsoft will have already come up with the basic plans for the Playstation 4, the X-Box 720 and the Nintendo Super-Wii, we will eventually get screenshots of the games and salivate over the awesome graphics, then the first of the new Next-Gen consoles will get released and the circle of gaming-life begins all over again.
So yeah, to paraphase from Talking Heads, it's the same as it ever was. My advice is to just ignore the gimmicks and fanboys and concentrate on the quality of the games, regardless which console they're on.