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If Sony  hadnt released the PS3 then it would have suffered a slow death .Sure ,they could have come up with a Uber Console in 2010 but by then the X360 would have been in the market for 5 years and could come up with something even superior in 2011 .People would then want to buy the X720 as the succesor of the X360 ,the machine that would have been leading since 2005 .The same happens right now with PS2 and PS3 ,but Sony and its high price has shot itself on the foot and PS2 still sells strongly ,plus the massive FUD attack against Sony by some media .

 

In any case ,PS2 couldnt have lasted for so long as the only console out there .Maybe it can assure some of the lower market ,there are still many games coming and all the casual stuff as Buzz! ,Singstar ,Dance Dance ,Eyetoy and even Guitar Hero.Games for children and little girls as Barbie ,Horsez ,Bratz etc and all in all it covers the full spectrum of games .The PS2 will fight some time for the low-end market and its massive userbase will provide some ground until the PS3 drops its price enough to attract something other than hardcore gamers .