It is flying by 
The Wii U will be entering it's 4th year this November (Probably it's final year as Nintendo's current console), while the XBOX ONE and PS4 will be entering their 3rd year.
Things that are surprising to me so far:
No solid leaks on redesigns of any of the consoles yet, but this is most likely because the consoles have been built solid this time around. I thought/hoped the XBOX One without an optical drive was a reality, but Phil Spencer shut that down. Nintendo might be the first console without an optical drive soon
No hard Jailbreak/Mod...this scene looks like it is permanently dying out on consoles.
We have had ONE truly memorable moment IMO and that was with P.T., then it got scrapped
(this is about to change with MGS5)
The power of the cloud still hasn't helped things install faster on the xbox one.
We don't have a sequel to Fez or a followup to Mario Galaxy 2.
Things that haven't surprised me:
VR is still not fully baked yet
Streaming games over the cloud isn't ready for primetime yet, Gaikai looks like it will stay as a side project that Sony should probably incorporate into the PS+ subscription for free.
We still don't have another Onimusha game
Overall it's been a solid rebound to the generation after a hilariously bad start. The end of 2015 and entering 2016 looks like it is going to be insane. I think it's been pretty good myself overall.

The Wii U will be entering it's 4th year this November (Probably it's final year as Nintendo's current console), while the XBOX ONE and PS4 will be entering their 3rd year.
Things that are surprising to me so far:
No solid leaks on redesigns of any of the consoles yet, but this is most likely because the consoles have been built solid this time around. I thought/hoped the XBOX One without an optical drive was a reality, but Phil Spencer shut that down. Nintendo might be the first console without an optical drive soon

No hard Jailbreak/Mod...this scene looks like it is permanently dying out on consoles.
We have had ONE truly memorable moment IMO and that was with P.T., then it got scrapped

The power of the cloud still hasn't helped things install faster on the xbox one.
We don't have a sequel to Fez or a followup to Mario Galaxy 2.
Things that haven't surprised me:
VR is still not fully baked yet
Streaming games over the cloud isn't ready for primetime yet, Gaikai looks like it will stay as a side project that Sony should probably incorporate into the PS+ subscription for free.
We still don't have another Onimusha game

Overall it's been a solid rebound to the generation after a hilariously bad start. The end of 2015 and entering 2016 looks like it is going to be insane. I think it's been pretty good myself overall.