Traditionally, console cycles have run every five years, but with that mark already here for consoles like the PS3 and Xbox 360, there seems to be no indication that successors are coming. SCEI CEO Kaz Hirai has indicated once again that Sony is in no rush to launch a PS3 successor.

“We’re not even at the halfway point,” says Hirai. “Every year, we reveal and release new features. That’s why, we’re not deliberating on a PS4 or a next generation machine, whatever you call it.”

Source: Kotaku