My experience actually mirrors -tkf-'s experience. We might be considered 'hardcore' gamers here on B3d, but among my 'daily realworld friends' (e.g. not buddy lists, forum friends or "facebook" friends), I only count 2 people besides me that have a next gen console, from a list of around 12 friends who play games. The ones from those 12 that do not own a next gen console yet, for all intends and purpose, I guess you would call them 'average consumers' - in other words, the majority of gamers that make up the 80 million userbase of a last-gen platform. They play regularly (anything from once a week to a couple times a month, perhaps with the odd longer game session every now and then), have an interest in upgrading to a newer console, but are more price sensitive because they wouldn't actually go out and buy one, much less be willing to camp out a store to get their hands on a launch edition, unless they really see something they really want.
Maybe it's also an age thing - when I was in my early 20ties, many of those friends who are now "average consumers" would have happily made a run for the new next generation consoles without thinking twice. In fact, the extra PS4 that I had - none of the majority of friends who game regularly actually wanted one tha bad. Doesn't mean they won't eventually end up with one, but most of them tend to have different priorities and are not in that much of a hurry. Good decision IMO too. I recall a lot more fun games for the PS2 launch than I currently have now, and while it isn't exactly collecting dust either, there's still a bigger incentive for me to play on my older console while I wait for more games on the new one.