Fine with me for the time being... I mean, going from the PS2 > PC was like night and day back around 2004. Going from Uncharted/Killzone> Crysis/Metro isn't THAT much of an improvement to yield vast hardware changes which will only be utilized by a small amount of developers at the time of release. Believe it or not, but a lot of them still struggle with coding the PS3/360.
Besides, I doubt anyone would really want to shell $500-700+ for a next generation console with no set titles.
Edit: I realize better hardware will push full 1080p resolution without upscaling, but do you guys really think that the way the graphics look will phenomenally change once consoles get upgraded? I doubt it.