Hahahahahahahahaha.

No.

I can't give this guy credit for predicting Castlevania or Kingdom Hearts HD. Who didn't? This dude is totally all over the place without the slightest care for believability. If the PlayStation omniveiwer, turning any TV into a 3DTV thing wasn't ridiculous enough, there's this:

only the top-tier of the triple A studios such as Infinity Ward, Crystal Dynamics, ect only having next-gen level technology
Infinity Ward doesn't exist anymore, and it was never top tier when it comes to graphics. In any case, big publishers have been begging for a next gen. Pretty much all of EA's internals studios are using the next-gen ready Frostbite 2 engine, and there's already a range to choose from, with CryEngine 3, idTech 5, and Unreal Engine 4. Even Gabe Newell admitted Source 2 is ready, they're just waiting for the right game to debut it with. So Sony and Microsoft working together to court developers and starve the Wii is not only ridiculous because there's little courting needed...

it would also be illegal.

The one thing that's pretty big that the article got right is Cloud-Streaming. Sony bought Gaikai a few months back (a post which got no replies... ) and that's going to make for something really interesting on PlayStation 4. That means being able to choose a game from the PlayStation Store, pressing the X Button, and begin playing it just about instantaneously. You know how PlayStation Plus already gives you free AAA games as part of their "Instant Game Collection?" Well, now it really is going to be an instant game collection.

On the other end, everyone expects Microsoft to have a next iteration of Kinect shipped along with the console. It's been a huge hit for them, despite the lack of experiences (Dance Central 3 anyone?). But I'm also assuming we'll see the next iteration of Xbox Live, which will probably be really cool. They actually have my #1 prediction that I'm guaranteeing right now and remember you heard it here first:

The next Xbox will launch the same day as that year's Call of Duty.