Report: Ubisoft Working On Xbox 720 Projects For 2012, Major Sony Dev Moving To PS4.

The current generation of consoles is drudging on, and there are more and more signifiers than they are soon to be surpassed. But no!, no screams my wallet. But yes!, yes! screams the graphics whore in me.

Joystiq:

And the rumors just keep flying. The latest comes by way of  Edge, which reports that Ubisoft is currently working on projects for Microsoft’s  next console  using “target boxes” designed to emulate the system’s projected specifications. Supposedly, these boxes contain components provided by Microsoft, with actual development kits expected to be in the hands of studios by the end of the year. According to Edge, a 2012 launch for the console remains likely.

Meanwhile, the site also reports that a “major Sony-owned studio” is no longer working on PlayStation 3 development, fully shifting its resources to the next iteration (we’re going to go out on a limb and call it the  PlayStation 4). Furthermore, said studio has apparently been “involved in the development process of the graphics technology” used in the upcoming console.

How do ya’ll feel? Ready for some new graphical wizardy? Content to keep on rocking your PlayStationXBox-360?