I dont think its a stupid question at all, in fact i think thats quite likely. It all depends on the timeframe though, if its slated for a launch in 2013 then its probably Sea Islands, if its sometime in 2014 or later its probably going to be based on the generation after Sea Islands. Anyway i dont expect Sea Islands to be revolutionary in nature. Its probably the same base GCN architecture with some updates and tweaks, like Cpyress to Cayman.
My personal speculation for the next Xbox is an AMD fusion chip, with say 1
2-16 Bulldozer cores(Steamroller/Excavator) and a Tahiti class GPU (under 22/20nm in say late 2014). Of course this is all a completely made up and random thought