While we have a general video game discussion thread, I thought we could also have one dedicated to the new console generation that has and is about to launch. The eighth generation includes Playstation 4, Xbox One, Wii U (debatable), Playstation Vita and Nintendo 3DS.
As it currently stands, I am most excited for PS4. Sony appears to really be serious about taking the market back. They are targeting the core gamer by making the PS4 all about games. Xbox One, at least on the outset, does not appear to be the successor that 360 deserves. Blocking out used games, requiring an internet connection and promoting the TV side appear to be alienating the core base that made the 360 so attractive. Microsoft needs to step up their game if they want to hold serve against PS4. The Vita, while currently well behind 3DS, may start to make a comeback upon PS4's launch.
As for Wii U, it's debatable that it is even an eighth generation console. The visuals aren't even as crisp as the 8 year old X360 or the 7 year old PS3. This console appears to be more of a stop gap to a true next-gen console that arrived several years late, than the console Nintendo is banking on for the next cycle. Nintendo is relying on the same tired franchises that we've been playing for 30 years and a number of third party developers/publishers have declined support for it. Most notably, EA stating they have no games in development for Wii U. Nintendo has to do something big or else we may be witnessing the downfall of Nintendo.