There’s no need to panic if no new console systems are shown off at E3 next week. In fact, an extended life cycle for the PlayStation 3 and Xbox 360 is good for game developers and publishers.

That’s the view of Take-Two CEO Strauss Zelnick in an interview with MCV.

“There is still ample opportunity in the market with the current generation, provided that you deliver the highest quality entertainment experiences – which we always aim to do,” he said.

“We’re seeing some evidence of an ageing console cycle, which generally is a good thing for a company with very high quality titles, like Take-Two.”

Games coming from Take-Two in the near future include Borderlands 2, XCOM: Enemy Unknown, BioShock Infinite and Grand Theft Auto V, the latter of which doesn’t have a release date as of yet.

“Hardware transitions historically have created both challenges and opportunities for third-party publishers. In order to succeed, it seems to me that any company needs: talent, tech, IP, and a strong balance sheet.” Zelnick continued.

“Take-Two has all four. As always, we’ll need to make triple-A titles that delight consumers. Frankly, our creative folks will be thrilled to have an opportunity to do just that.” he added.

Keep reading The Train2Game Blog for the latest news on next gen consoles.

What are your thoughts on the possibility of next-gen consoles not turning up at E3? Do you think their needed yet? Or are developers doing just fine with the current crop?

Leave your comments here on The Train2Game Blog, or on the Train2Game forum.