“We want to take advantage of a company that could bring more technology to us, or new brands. So we have now enough to help us to grow the company for not only next year but to get ready for the coming of the next generation consoles that are probably going to happen 2011, 2012. We have to be ready for that, we are already hiring people and buying some technology and looking at some brands as well.” – Ubisoft CEO Yves Guillemot

Not sure what gives Ubisoft the heads up about the next-get console launch, but this time frame probably is pretty close to be accurate.