All the buzz at the moment is about the Xbox One and PlayStation 4 consoles, but here are five reasons why it's OK to wait.
1. Many of the new games are out on the older consoles: Battlefield 4, Assassin's Creed 4, Lego Marvel Superheros, Call of Duty Ghosts and most of the big sports games are all now out on the Xbox 360 and PS3. The graphics won't be as fancy, but the core content is the same. There are too few owners of the new consoles for the major publishers to make their money on next-gen exclusives.
2. Great games are coming out next year: Developers haven't abandoned the older consoles, there are just too many players. Of the big games coming in 2014, expect Thief, The Evil Within, Destiny, Assassin's Creed Liberation, The Walking Dead Season 2, Watch Dogs, South Park: The Stick of Truth and Titanfall amongst the most anticipated games.
3. Online multiplayer: Most games on the new consoles won't be able to play online with their older counterparts. Because fewer people have the newer consoles, there are fewer players online for multiplayer. It also means all your friends will need a shiny new console to play multiplayer with you.
4. Massive existing game catalogue: Neither of the new consoles are backwards compatible. This means you'll need your old consoles to play any of those legendary games you may have missed out on over the last few years. While some hardcore gamers could probably play through the new launch titles in a week, the wealth of classic games out there will keep you occupied for months if not years.
5. Your console is tried and tested: As with most new tech launches, reports of bugs and issues crop up. So far we've had optical disc issues on Xbox 360 and the PS4 has had pulsing blue lights of doom. Both companies have released statements saying the numbers are low enough to be within expected new product norms (Sony are citing 0.4%) but still, there's enough there to make you feel OK with waiting.
Bonus Reason: Grand Theft Auto 5 has yet to be announced for next gen consoles.