This is a pretty big question. Which requires a big answer.
The Playstation 3 will last 2015. However, expect Sony to launch a new playstation by 2012 or 2013. Now onto the Wii. If the Wii keeps up its momentum it will last til 2012-2013, but expect Nintendo to launch a new System by 2011 because they need to seriously improve the graphics of their games and Nintendo knows this. The Xbox 360 will last till 2010-2011, depending on how greedy Microsoft is. Expect a new Xbox by 2009 because MS now needs to add Blu-Ray for their High-End Games.
So their you have it:
Xbox 720 - 2009
Playstation 4 -2012,2013
Wii 2 - 2011
(these are not the actually names just speculation but the release dates WILL be somewhere close to there.)
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