Square Enix: Current Console Generation Has Lasted "Way Too Long" - IGN
So the argument here is that Squenix feels Sony and Microsoft have let their high tech consoles outstay their welcome and now developers are jumping ship to browser based games and iOS products because those platforms have finally had time to grow into something comparable to the console. They go on to predict that many of these developers will probably stay on these easier business models instead of jumping into the next console generation. So Squenix feels that Sony and Microsoft should release the X-Box 720 and PS4 ASAP.
Course this is coming from the people who designed the Agni Tech Demo so I can see how they may want to really implement that, course the other side of me feels that Versus XIII may have grown too big for the PS3 and they want a new console as well.