I doubt it will be soon, I think there needs to be major hardware advancements before this is possible. Whatever it may be, holographic, 3d T.V's, different control ect. When there is a different, brand new medium for playing games, all of a sudden everyone is on the same page again. Maybe our graphic engines won't even work on it at this point(no 2d output). And it's brought back to step 1.
But I definitely see where you are coming from, everything in 3d is quite well documented, and it's not really that far away before graphics start maximizing at film quality.
I liked how the Wii was different, hopefully this will start a chain reaction of different consoles to something entirely new.