Next Xbox in 2013

A Microsoft Exec says that we won't be seeing another Xbox console hit shelves in 2012 in order to compete against the upcoming Nintendo Wii U.  He also states that we probably shouldn't expect anything until 2013.  But does that mean we won't be seeing anything come up in this years E3?  I can't exactly say since, showing off a new console on the show floor doesn't necessarily mean you have to sell it the same year or the next, but I just hope they don't rush this thing because I feel like there is still some life left in the consoles we have today, except for the Wii of course.