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sapient said:
I think that would be a bad business decision. PS2 has the most market penetration, it can make money for them for several years. The last game published for PS1 was in 2007. Sony's plan is always 10 years so PS2 will have 10 years cycle as well (at least 2010 I think).

Considering the Wii and PS2 share a lot of games I think there's potential for the PS2 to last longer. In some cases the PS2 is an even better software mover than the Wii. PS1 died out because the PS2 was a huge success and the other consoles were far more advanced. The PS3 isn't exactly a huge hit and as I mentioned the PS2 can share games with the Wii.

Personally I think they should make a new PS2 that offers PSN content such as movie downloads, PS1 games, internet browser, etc.