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Personally I think all of the consoles already peaked. Any further price cuts or model changes will just slow the decline.

The PS1 peaked in its 5th fiscal year. The PS2 peaked in its 4th fiscal year. The original XBox peaked in its 4th fiscal year.

Just because a console has peaked doesn't mean it will stop selling. I still expect great sales for the next few years. But I don't expect any of the consoles to top their previous years anymore.

There is a table showing the sales here:

http://news.vgchartz.com/news.php?id=3035