In before people saying it's too soon.
It's not, if anything it's overdue.
The PC platform is suffering because of it (having to lower graphics in games in order to make it cross platform), and Console gaming is suffering from having to make graphical sacrifices in order to push dated hardware to keep a consistent graphical push, such as 720p only support, lack of anti aliasing, lower res shadows, and the game playing in thirty frames, rather than sixty.
Not wanting a new systems because of financial reasons is irrelevant, you can't stop progress at the end of the day.