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Well atleast the blue-ray seems pretty futureproof, with 1Tb disks in the near future. The Ps2 was initially difficult to develope games on, same with the Ps3 so it'll be a little while longer til we see the best the Ps3 has to offer.

The main thing that is going to stretch out this gen though is money, we're diving deep into a pretty bad recession so there isn't alot of money floating around to research and develop new consoles, people don't have enough money to buy new expensive and powerfull consoles. And most of all, devs don't have enough money to make big enough games to tap the Ps3's power fully, let alone games that'll be big enough for the next gen.