Brian Farrell dropped the bombshell during a Q1 earnings call for his company, when answering a question about how the market was set to change over the next month.
He said: "With respect to the cycle itself, if you look at what's happening in the industry, the fact that we have for example, Natal from Microsoft, a platform addition coming late next year."
Whoops. Of course, we had some idea that we'd be seeing it next year after Microsoft's own Steve Balmer made a blunder and stated a new Xbox would hit the shelves in 2010, forcing Microsoft to later clarify he meant Project Natal. Still, at least we now know it's going to be one for the Christmas lists rather than a mid-year treat.
Farrell also dropped hints that his company was expecting price cuts from "at least two of the three manufacturers", as well as other peripherals and devices to keep "current hardware fresh for at least the next three to five years".
Time will tell if Farrell's comments are true, but you can be sure we'll keep you updated with anything we hear. Let us know whether you'll be putting Natal on your Christmas list next year below, and check out our 5 things you need to know about Natal to get the lowdown.