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Microsoft doesn't need an update: the 360 is a solid piece of hardware, the RRoD issues are (for the most part) in the past, and their software updates have kept demands in check, and looks like Microsoft has their entry in for good in the long run. I suppose if anything, Microsoft might release an updated 360 with a built in wireless adapter, however I doubt that will happen until next gen either.
Beyond that, everyone knows the Wii is underpowered. Even Nintendo has pretty much acknowledged that the Wii is a system lacking in power, but everyone also knows that they won't release an update either. Here, the conflict is between the PS3 and the Xbox 360, the two consoles that hold the attention of the hard-core gaming market, the market that *cares* about power. The Wii frankly doesn't *need* an upgrade, because it would be released and wasted on people that, for the most part, wouldn't even notice. The Wii's target audience is an audience who isn't affected by these power issues, and look for the cheapest console.
All in all, as far as prices go, I think that things will stand the way they are: PS3 will remain the most expensive, the 360 will stay in the middle, and the Wii will stay at the lowest price point. If anything, all three systems will slowly take cuts of the next X years, but I don't think the PS3 is ever going to become cheaper than Microsoft's offering. It seems to me that Sony put out a powerhouse that, unfortunately, probably won't ever realize its full potential, but does offer something the 360 doesn't with it's HD DVD Format player in the Blue Ray drive.
I think things are right where they should be. All three companies have created excellent pieces of hardware, all of which have their strengths, and if anything drastic happens with prices/hardware, I highly doubt it will be this generation.