E3 2012 Speculation

Rumor is going out after partners of Microsoft, and Third parties from Sony have implied the fact that new consoles are in fact on the way towards this years E3.  Is it hard to believe?  With Nintendo well on its way to showing off the Wii U some more, it only seems logical that the other big 2 players in the industry show some teeth with new consoles of their own.  The news for me in my opinion is a little bitter sweet.  I still see some life in the current generation consoles, aside from the Wii anyway.  I guess all we can do is sit and wait.