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It's interesting as i was reading the history of the old generations earlier. When reading about the older consoles and how they failed just made me see so many similarities with the PS3. The price, the image, generally poor ports of other formats games, weak sales in places that sell high volume of games (US/Japan) normally, devs saying too hard to work with etc.. etc..
While i don't think the PS3 will be gone for a longtime yet i do think it is just following in the footsteps of consoles before it. That doesn't make them failures, far from it. Just means they were never really a competitor for 1st place.