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Id seriously doubt it. While their PS3 gameplan wasn't the best, they'll rethink their strategy and come back with something new next gen. I'd expect them to reuse PS3 parts (cell processor, etc) and upgrade the GPU and memory (in other words kind of what Nintendo did with the Wii). They will likely add their own version of motion sensing, wireless N technology. Basically it will be a lot like a HD Wii of sorts, just with Sony's own flair of multimedia use.

Sony is down but not out, and that's coming from someone with over 15 years of discontent with Sony in general