GameExpo III - Yes, it's a real thing!.. or will be...soon!
I can confirm, on behalf of T-Games that the GameExpo III will be released on GameExpo's second birthday - June the 26th, 2013.
This may seem a little far away, but think of it this way:
Dev kits have been given out to developers, so when the GameExpo III will be released, lots of content will be pre-made for it!
The GameExpo will not interferre with the NeXT at all - and to be honest, the NeXT will remain to be superior. The GameExpo III will still not be able to play content like music or other media, and will, as a result, not have the appropriate features.
La dee da dee da... doo dee doo.. wait.. you're actually reading this? Wowzers :D