We won't see ARM in any of the next gen consoles no, they are by far to slow still.
I hope both M$ and Sony go for AMD since AMD needs the cash, they are sinking fast and can't compete on the high-end anymore witch leaves Intel in a monopoly stance wich I do not like.
EDIT: Latest rumors, one of the latest dev systems from sony holds AMD's HSA-cpu A10 "trinity", so if this will be the CPU used AMD will get som cash dire needed fror their x86 family. I hope to god they won't use integrated GPU tho.
