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.jayderyu said:
Based on what Kas was saying focusing on the PS2 still selling along with the PS3. I suspect what he is really saying is that that the PS4 will be released at about 6/7 years into the PS3, but they will continue the PS3 support well up to 10 years.

While I'm sure this is exactly what he means, sadly Sony really doesn't have that much control over how long the hardware lasts.  It's already been pointed out that the software will determine how long a game console will last in the market.

Of course, they could continue selling the PS3 as a bluray player for as long as they want really, even if nobody makes games for it...