According to Kotaku, Dragon Age III: Inquisition is scheduled for next-generation consoles. Everything started when EA Shanghai designer Tao Gu, who worked on DA III, wrote on his LinkedIn profile that game is postponed to 2014. Keep in mind that it is still only a rumor as no one form Bioware nor EA commented on the matter. You can find more info about Dragon Age III: Inquisition here.

"March 2012 to September 2012

Team Members: Tao Gu

Lead Level Designer for EASH team In charge of concent and layout design from paper to engine for vertical slice Scope of the DAIII has been chaged, which will target next gen platform and will be postpone to 2014".