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The last 7 were far different IMO. Coming out of the bubble, and very little progress in software, not much needed to change. But now, I think the fact that software, not hardware, is changing rapidly, a 7-8 year cycle isn't going to work.

Sure, they can bolt-on new firmware updates and operating systems, but I think the way we use consoles will change quite a bit in the next 3-4 years alone.

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