If you want to see a good indication of where games are heading the look up the trailer for The Phatom Pain that was shown off at the VGAs on Spike that was clearly Next Gen and to me it's on par with what's been on PCs for three years now ie DX 11 effects.
Also the screens of GTA V released in late December are defiently not from current gen consoles so they're either from a planned PC port or a next gen reissue. That being said I'll hold off on GTA V until it ineveitably gets ported to the Xbox 720/PS4.

