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Oh hell yes it will. All market leaders live long, not only Playstations. And Nintendo has already said that they're going to release the Wii successor only if the Wii sales drop off dramatically.

Wii will pass PS2 BEFORE its seventh birthday, and it will keep on going until say 150-175 million units.

lol@Gearbox' signature. How in fuck hell could Wii only sell 69 million lifetime, and PS3 104 million lifetime?