Probably 2015, just like they (and MS) said in 2010. 2014 Minimum,
http://www.videogamer.com/news/sonys_jim_ryan_playstation_is_getting_ready_to_unleash_its_power.html
The CEO and president of SCEE discusses Sony's keynote, the Vita's performance, and why the PS3 is just getting started.
Two days after Sony's E3 conference we met with Jim Ryan, CEO and president
of Sony Computer Entertainment Europe. How does he feel the gaming public
reacted to Sony's keynote? How does he think the Vita is faring? And why has Sony
fallen silent on the topic of 3D?
Q: In terms of the reaction to Sony's keynote... Do you think the games on
display have convinced people that the next gen isn't needed yet?
JR: We obviously didn't talk about any future activity, and I don't think we
needed to. As I say, we're just focused on PS3 and on absolutely nailing that, this
year and the year after that
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