Lack of Innovation

I am not the only one to say this but there appears to be a lack of innovation in the consumer IT industry at the moment. I am surprised there isn't a PS4 or XBOX 720 being released soon. The PS2 was released six years after the original Playstation and yet they are announcing a 10 year cycle for the next  generation. Where is the Sega Dreamcast when you need it!!! No-one is able to compete with Apple in the itunes, ipod & ipad space, yet these products could be improved upon.

There are too many me-toos companies, spending their time waiting for what apple does and then copying them. *note Samsung Lawsuit*

http://www.theregister.co.uk/2011/04/24/apple_looks_in_better_shape_than_it_is/

There are moves from Microsoft http://www.itproportal.com/2011/04/24/windows-phone-os-75-update-mango/

but they are taking a long time.