Bethesda's Todd Howard, game director for the forthcoming blockbuster Elder Scrolls V: Skyrim, says that gamers should not expect follow-ups to the PS3 and Xbox 360 until 2014, at the very earliest.
What will be at E3 2012?
The Skyrim director told PSM3: "I think it's going to be a while still, I really do. I think consumers are happy with the current ones, there's a lot you can do with them."
There are rumours that the Xbox 720 will be on show at E3 2012, although Microsoft has refused to comment to date.
Nintendo plans to release its own new Wii U console later in 2012.
Bethesda's Elder Scrolls V: Skyrim is out this coming November, with Howard explaining that the studio doesn't want it to feel, "visually or technically, 'Oh this is Fallout 3' or 'this is Oblivion'. And if we couldn't do that, we would have waited."