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Carl2291 said:

Most of the stuff used in the PS3 will probably be used in the PS4.

They don't need too much more of a graphical leap like from last gen to current gen.

Blu-ray will be in it's prime, and will be really cheap to use.

Etc.

Yes they do! Every gen you need a graphical upgrade. The Wii is proof of this!

The Xbox was the most powerful console last gen but they still upgraded the hardware with the 360.