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Regardless if there will be a PS4, I see Microsoft releasing their next console first.
And I think Sony will let them. The Xbox 720 will be the next gen, but third parties will still make games work on both systems, even though the PS3 will most likely have the weaker architecture by then. No one will be able to tell a difference between the stronger consoles, and the weaker consoles games- just like how it is now.
So sad really.
IMO, it would be cool if every third party dev was bought by one of the big 3. Every game would be a console exclusive. Every game would play to the systems strengths
Everyone would want all 3 consoles. The market would witness a new level of competition, and productivity.



̶3̶R̶D̶   2ND! Place has never been so sweet.