Based on the Tegra roadmap that NVIDIA put out a while back, the Tegra 4, codenamed Wayne is due in Q1 of 2013. The Tegra 4 Wayne will be an ARM Cortex-15 based chip that NVIDIA says will be "twice as powerful" as the Tegra 3. The first Tegra 4 chips will feature the same 4+1 processor design as the Tegra 3, and it will be clocked at 1.8GHz, so we're hoping for a solid bump in the GPU with the Tegra 4.
The trick with the Tegra 4 is that it is aimed to be a chip for tablets, and HTC has not had very good luck with tablets so far. The Jetstream wasn't bad, but it was overpriced, and the Flyer could have been a success if it had been released about 6 months earlier than it was. If this means HTC is taking another stab at tablets, once again it's jumping in at a tough time having to go up against either the Nexus 7 in the 7" market, or the Nexus 10, iPad 4, and various Windows tablet/hybrid devices in the 10"+ market.
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