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Yall are misinterpreting what he meant by cycle. It had nothing to do with how long PS3 was in the market. What he was talking about was the continuation of the playstation brand. Basically meaning he had been there for awhile seen a PS release then shortly after work on a very similar successor and so forth. With the PS4 he obviously saw once again the continuing of the brand and not much evolving from it.

So he wasn't complaining about a 10 year cycle but complaining about the lack of changes to their brand and strategy in the market. He wanted them to try something new and they didn't so he left for something else.