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I was listing what the prospective groups would consider failures in a system with the prospective group in parenthesis for the failure in question. Now many systems fit at least one of those, but usually a system must fit at least 2 of those for many to start to "agree" on a failure.

Playstation 3 is on its way to meeting 3 of those failures. 2 is a failure that will only happen after the current generation but is caused by the other 3 failures. 1 and 3 are reliant on each other and take a while to start the downward cycle needed to bring about 2. PS3 has already started to cycle those two with many developers moving to other consoles, once this happens, it is very hard to cycle back the other way. 4 is something that Playstation is doing at every turn and will NOT be turned around unless 1 (and in turn 3) are taken care of. Blu-ray adoption may be the only thing to turn this around.

You can almost map out Playstation 3's possible path to demise as such:
4 > 1 > 3 > 4 > 1 > 3 > 4 > 1 > 3 ... > 2