A few months back, Ubisoft said that they were expecting to see the next generation of consoles sometime in 2012.
Well now it seems they are readying themselves for this new generation. According to Gamasutra, Ubisoft CEO Yves Guillemot was quoted as saying “We need to get ready for the future generation of consoles… In the next few years, there will be new home and handheld consoles, and if you don’t invest… you will not be able to cope with both [the existing and new generation consoles]”
Not sure how likely it is we’ll see such the next generation of consoles in the next couple of years. Only way to find out is to wait and see.