It's a known fact in the gaming industry that new IPs don't get very far nowadays on current generation consoles, which means it wouldn't be too crazy to assume Bungie knows this and wants to wait and release Destiny alongside the next-gen consoles as a launch title. This time period is by far the best time to ever release new IPs, and with all the rumors of the consoles coming in 2013, it's possible we could see a debut trailer at the VGAs coming up soon. Since Bungie likes to announce their games about a year before release, this seems reasonable. Share your speculations.