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Potential in addition to the actual.

MS will probably bring a new box earlier than Sony will bring PS4.  But when 360 launched, it didn't exactly kill off sales of PS2.

No console has identical life cycle to any other console, even though we speak roughly of console "generations."  Make your decisions, purchase, enjoy.  PS3 does have more long term potential and will receive more support than 360.

I actually think MS/Sony should have one platform between them next gen.  Sony should build the hardware, MS can design the online.  Probably won't happen.  ;)