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I've been thinking about this for a while,I came to the conclusion it's pretty unlikely, considering we got black and white just last year.
How awesome would it be though? new pokemon, new region and new moves, I get goosebumps just thinking about it.
I can't see it happening until 2013-2014...
I never got made fun of, I played it openly in class (at the expense of annoying my teacher like crazy) so no-one could say anything because they knew I wouldn't be embarrassed.