OHHHH MAN! Just when you thought you were with the times, looks like Microsoft and Sony are going to be grabbing for your wallets again! With Nintendo showcasing the New Wii U, Microsoft and Sony refuse fall behind!

Of course, this is all speculation but when it comes to making money. Sony and Microsoft will showcase at least that they are working on a new console or maybe even REVEALING there new console entirely.

From Side Mission.com:

"MCV is reporting that “third-party publishing sources” at Microsoft have signaled to partners that the next Xbox console will be at E3 2012 and that Sony has “made it clear to third-parties that they will not be left behind this time.”

Coupled with the showcasing of the Wii U, means this year’s E3 could be the biggest show in the event’s 17-year history, featuring three rival upcoming home consoles.

Execs aren’t expecting price or launch details for the new Xbox or PlayStation. But their unveiling could be a perfect spoiler to the pre-Christmas launch date and price that will be revealed for Wii U in June."

I am not surprised by this news at all, but it does make me question...where can graphics go next? Games look insanely good already. What is the next step? Although, I used to say this when I was younger playing "Aladdin" thinking....man...this looks sooooooo real....well....let's see what happens.

E3 takes place June 5-7 in Los Angeles.