Five years ago Moore's Law absolutely applied to the gaming industry and you would be silly to say otherwise. Today, things are a little more complicated. We actually had Randy Pitchford (Gearbox President) speak at our graduation and he mentioned the Moore's Law idea and how it relates to the gaming industry and how Nintendo completely shook things up by taking a step back and how people are actually supporting this.
So to your original question: is the PS3 a 10 year console? They more than likely planned to have the same thing happen with the PS3 with the PS2 but that probably isn't going to happen. If BluRay doesn't survive it will actually have a better chance of surviving longer because Sony probably won't use the format in the PS4 but otherwise when they make the PS4 they will earn from their mistakes and do better that time around.
