A lot of GAF seems to believe this console generation started about two yeas too late by pointing out how quickly early adopters upgraded and simply expressing disappointment at eight-year-old hardware. I think one sign is that a lot of third parties basically seemed to be ready for next-gen hardware around 2011. That's when you started getting games like Crysis 2, Battlefield 3, Far Cry 3, or The Witcher 2 that were really designed for a higher spec and really had no business trying to run on PS3 and Xbox 360.
The issue I see with this is that a PS4 and Xbox One designed for release two years earlier would probably be noticeably less powerful than what we got. People would probably see less of a next-gen leap than what we got, and we might even still be complaining about too many games running at 720p and 30fps.
I actually think the real problem is the PS3/360 generation started a year or two too early. Microsoft's hand was kind of forced due to not being able to manufacture any more GPUs for the original Xbox, but the PS2 was perfectly healthy in 2005. Part of the reason this generation lasted so long was because a lot of people were slow to adopt it (Japan especially). Console technology also wasn't quite ready for real HD gaming.
The issue I see with this is that a PS4 and Xbox One designed for release two years earlier would probably be noticeably less powerful than what we got. People would probably see less of a next-gen leap than what we got, and we might even still be complaining about too many games running at 720p and 30fps.
I actually think the real problem is the PS3/360 generation started a year or two too early. Microsoft's hand was kind of forced due to not being able to manufacture any more GPUs for the original Xbox, but the PS2 was perfectly healthy in 2005. Part of the reason this generation lasted so long was because a lot of people were slow to adopt it (Japan especially). Console technology also wasn't quite ready for real HD gaming.