There's been a lot of Internet buzz of late regarding an MCV story that states that both Sony and Microsoft will show off PlayStation 4 and the next Xbox at E3 2012 this June in Los Angeles. But according to videogame analyst Michael Pachter of Wedbush Morgan Securities, that’s not going to happen.

'I think there's zero chance of a tease from Sony for PlayStation 4 and only a 20 percent chance from Microsoft that they’ll tease the next Xbox,' said Pachter. 'Neither console is launching in 2013, so there’s no reason to tease them in 2012.'

Even Nintendo, which is launching its HD Wii U later this year, waited until E3 2011 to show off the device. Nintendo will also have the new console at CES 2012 in Las Vegas January 10-13.
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Microsoft has been riding a high with its Xbox 360. The year that has been targeted by several developers for the launch of its next console (which I hope won’t be called Xbox 720), is 2014. Teasing a device that’s still two years away, and likely wouldn’t have any games available for it by E3, makes little sense. Again, gamers know it’s coming. And Microsoft is still marketing its 360 and Kinect.