I really don't see 2012 being release, I can see a mid-2013. Even then I'm in no rush to jump in and I know more that 6-8 friends that aren't either. The economy is shit and it's hard enough finding the funds to play so many great games. Next year is full of some awesome games like Dragon's Dogma, MGS Rising, BioShock Infinite, FFXIII-2 and more. We're already hearing of some titles like the new Rainbow Six being a 2013 game for PS3 and 360. I don't see support really drying up for titles anytime soon on these consoles at least.
I know that developers are getting their ducks in a row tech wise for 2013 and beyond for the next gen and I'm cool with that, but really in no rush to jump in. I know I'm not the only one and even if 2013 sees a new Xbox or whatever, I've learned not to be there day 1 for any new hardware after being on Xbox number 7. Which is some bullshit.