Next gen, I expect Microsoft to see the hurt for sales when its new console launches. After seeing their laziness in the last three years of just bouncing Fable/Halo/Forza/Gears around, and not releasing any new IP's unlike their competitors. And if they think they can get away with charging for Xbox Live when PS4 will do all the same things for free, they have another thing coming. This laziness of relying on Third Party support is more then likely attibuting to the slowdown in hardware sales. Hopefully at E3 they can surprise me. Because as it stands, if they intend to carry on that way, I will not be supporting the Xbox 720...
I'm not a fan of the 360 either, but I think you're delusional. They are going to be the ones to beat this time around (speaking for North America).
I agree with Bil too (I know I'm as surprised as you are!). I've never cared in the least about the specs of system when considering them "next-gen". Wii U can do something new and cool, check. Gonna have new games on it, check. My next gen list has been satisfied.