This is the first generation of consoles that I really don't care about. It hasn't been long since the launch of the first XBox, and the "next generation" games really don't strike me as being much better than the previous generation, both in terms of graphics and gameplay. In my eyes, I think graphics are pretty much "good enough," and gameplay really hasn't changed much over the past several years.
Personally, I think Nintendo has the right idea this generation -- departing from the "more power, faster processor, increased disk capacity" mindset and focusing on expanding gameplay concepts. Their controller looks like it has some very interesting potential, I wish them success with it.