Very good thread and enjoyable read. I agree with most of your assumptions, though my suspicion is that that whole conversation about “continuous boost” is smoke & mirrors, not altogether different from some of the claims made about the Cell back in 2005.
The reason why we got a mid-gen refresh last time had to do with the fact, I believe, that both the X360 and the PS3 stuck around for almost eight years (2005-2013), for reasons not worth getting into in this particular thread, so the following generation came out underpowered (1.3/1.8 TFLOPs) just as display technology began to shift. Not sure if we’ll the same movement from the major players this time around.
Agree. I'm actually very doubtful there will be one. Many assume it just because of last gen without looking at the reasons why. Before that, there was no mid-gen refresh.