Reeves: New consoles coming in 2-3 years

Capcom Europe boss David Reeves believes that the big three will release new consoles within two to three years.

Speaking with GI.biz, Reeves stated that Kinect and Move will "revive and pique interest" in games until there's another "clash of the titans in two years time".

"Two to three years, I reckon so," he said when asked for an approximate time-frame.

"I don't have any inside information. All the first-parties have got to be working on something. The tricky thing is when do you put a stake in the ground on technology? That's the problem.

"You can be waiting a few extra months to implement something, but you've got to set a date to go with a certain chip at a certain point otherwise you're going to miss the key milestones."

As for Xbox 360, European Microsoft executive Chris Lewis told VG247 during E3 that the redesigned 360 along with Kinect would extend the machine's life-cycle by five years.

"It is, in many ways for us, mid-lifecycle," he said. "With this new, sleek design and Kinect for Xbox 360 we’ve got at least another five years of this generation, where we continue to offer great experiences for people."

Meanwhile, Sony has said time and time again that PS3 has a 10-year life-span, with SCEA's Peter Dille going so far as to say that it will beat out Xbox 360 in lifetime sales.

“I don’t think [360 will] be around in 10 years so I’m very confident we’ll pass them within that time-frame,” said the exec, speaking in an IGN interview.

“I mean, we’ve got 31 million [units sold] worldwide right now — they’ve got 39 million [units sold]. I don’t even need to go out 10 years.”

Nintendo has remained quiet on when to expect a new console let alone and upgraded version of Wii, but NOA's Reggie Fils-Aime has said that the company is not ready for Wii 2 yet.