iD wants to shorten the game dev cycle

I think that graphics will continue to be the driving force for console development as well. Hwo far we will get is still uncertain, but rest assured, no one will by PS4/Xbox360.2 if the graphics are similar to technology that is 5-7 years old. Game engines have become a new revenue source for a few companies. id, Epic, Half-Life have all done well with licensing out their graphic engines to other game companies. Which means that they don't have to produce a ton of games. Which means that when they do come out with games, they are quality and top notch.

http://www.industrygamers.com/news/id-software-wants-to-shorten-dev-cycles/