With Honda facing the same economic realities as every other company, it's looking at even longer cycles. Models that are unique to North America like the Accord and Odyssey are likely to be the first to go to a six year span between redesigns. Simply delaying a redesign on an existing vehicle can be problematic because tooling designed for a specific lifespan can start to cause quality problems. Keeping a high volume car around longer can also lead to falling demand in later years.
In spite of the economic problems and models like the S2000 being discontinued, Honda is bringing a number of new models to market including the Crosstour and CR-Z. Other models like the Civic and Fit that are common globally will probably stay on the same re-design schedule.
[Source: Automotive News - Sub. Req.]