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I doubt Sony would close any of their 1st party studios. They all make good games, and I mean all of them.

AFAIK:
Naughty Dog: working on Uncharted 2 and maybe Jak & Daxter PS3 (according to IGN)
Zipper: working on MAG, and probably another project
Santa Monica: working on God of War 3, and likely something else
London: camera stuff, etc.
Japan: can't recall, but you know these studios will be the very last to close, if closings happen. (Heavy Rain?)
Insomniac: 2nd party, working on R&C:F 2
Sucker Punch: 2nd party, working on inFamous
Bend: working on PSP Resistance
Guerrilla: Killzone 2.

...etc

Not a single studio there that isn't working on a very likely hit title.