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I have to disagree with everyone here :P except andremop actually

Sony in all likelihood will make a PS4, but the argument that "Nintendo didn't stop at the N64/GC doesn't hold water

Thing is, Sony like being able to use their console to help their other technologies suceed - PS3 sales were a major factor behind BluRay winning over HD-dvd, and most likely also pushed sales of HD televisions. Sony will likely use the PS4 to push their 3d tvs that will be out by this time, as well as whatever disc format the PS4 uses. I'm also expecting the PS4 will be much less technologically advanced (for its time) than the PS4, thus making it a lot easier for Sony to make a profit on it.