But there's so many current-gen games that aren't out yet which look amazing!

Admittedly, not so many on the 360...

A handful of developers are talking about it. If anything the console manufacturers are saying it ain't gonna happen any time soon.

The developers that say they are ready for Next gen are ready. This includes developers like Epic, Dice, Ubisoft, Crytek etc. Ofcourse there are studios that wont be able to handle it that well. But i think alot of the studios that arent ready are just mediocre studios and will eventually disappear anyway, or they are smaller developers that are going to have to focus on downloadable games. I think in the future we will have fewer developers making big budget games but the developers that do will have the best people in the industry and will make kickass games.

I dont get why the devs are complaining. Like you say, next gen hardware is already here in the form of the PC, show us what you can do on that then we'll start to talk about new consoles.
PC games always take a leap over console games in the second half of a console gen I dont see this one being any different. Look at games like DOOM 3, and Half Life 2 and others, they came out on PC during the last console gen and they were leaps and bounds above anything any console could do back then.
With the current global economy I think Sony, MS and Nintendo all know it would be suicide to release a new console just now, anyone who thinks otherwise clearly doesnt have a house and car to run, or just has too much money :-(

It's true, the PC gives you the most power available at any given point in time. And when next generation consoles arrive I will be able to play all the multiplatform games without even buying a new console. The components in my rig are major overkill on basically every current-gen game and I am pretty sure I will be able to play many next generation multiplats without even upgrading anything. So it's true that the PC in many senses is next-gen hardware.

Currently running LGA 1155 Ccore i5 2500K and 560 GTX SLI @ 1000mhz

But I'm looking forward to Intel LGA 2011 and AMD HD7000 series. 6 core Intel Sandy Bridge and 28nm Southern Islands is gonna KILL everything.

DX10 and all it's flaws really slowed down PC Gaming. People don't realize that consoles are irrelevant in regards to PC Gaming and consoles are not holding PC gaming back. Only Lazy Devs and DX10 flaws are holding PC gaming back.

DX11 fixes these many issues and the quality will now continue once Devs understand how to program DX11. Look at Battlefield 3 as the shinning star of great things to come. Forged by Chaos after it plus more Ray Tracing in games. BF3 already makes use of this as the world gets reflected in sniper scopes and in certain items like glass and vases.

Oh by the way consoles still have yet to beat Crysis as far as graphics and Metro 2033 PC crushes Crysis and weak PC systems. These new cards will suffer once more Tessellation is applied but for right now the main benefit is seen when you game in 3D across 3 screens with max quality like i do. GTX 400 and HD 5000 were unable to properly keep up as 480 GTX sli required a Nuclear reactor and HD 5970 had low 3D support.

So step your game up if you think the new GPU's have No uses cause to me they do. Oh plus i edit ans convert a ton of video and GPGPU apps cut this time consuming task down to a handful of minutes.

Can't believe anyone can disagree with this article.. you'd all be happy spending loads of money on new hardware just to see the same old games with graphical updates?