Whilst I think the current gen is fine for the time being, I think 2013 would be a good time to release new consoles. You simply can't ignore the fact that iPad/smartphones will be more powerful than current consoles within 1-2 years. Also, PC is making a comeback, surly based on the fact that it's games can look vastly superior to console equivalents.
I'm sure the only way to truly tell which version looks superior (like it really matters) is to see them in motion. I'll take smooth frame rate every time over reflections, edges or whatever.
I agree. In my opinion this is vastly superior to any Playstation FF, including 7. I've played this through many times. One of the greatest games of all time.