I'd put my money on a scenario where the next step in the Playstation brand has the emphasis on the service concept instead of hardware concepts (ie. new disc formats). Digital distribution, cloud computing and mobility may very well dictate the future path, and portable versions of the hardware might be in a bigger role. I'm even inclined to think that there will be no PS4 as such - it might exist as a distribution channel but not as an actual physical device.
Then again Sony might go medieval on the gaming industry and release a new mammoth hardware system that will be viewed as a flop by most and never see it's full potential tapped. Naughty Dog will release Uncharted 4 - Legend of the Lost Continent for the system and the game will in it's time be viewed as the Shenmue of the 2010's with LTD sales of 450 k.
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