We'll have plenty of time to scrimp, save and perhaps land a second job to afford the next generation of video game consoles. Avalanche Studios, creators of Just Cause and the forthcoming Renegade Ops, believe 2014 is when we'll get them.

Now that Nintendo has revealed its plans to jump into the next-generation with a successor to the Wii, will Microsoft and Sony follow suit? A report earlier today from Develop says that not only is Microsoft working on the next Xbox console, it's already in the hands of developer Electronic Arts.