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Sony dont need PS4 because there is just no reason for them to make PS4. Not just Sony but the whole gaming industry. Sony had done so much to keep PS3 alive and gaining momentum over its competitor. Now its time for them to get some profit from PS3 (Sony just announced they finally turn PS3 per unit profit. Sony loss so much because they want gain marketshare and keep on same pace as X360. If they only think about ptofit and selling PS3 at $400+ and did not invest in new IP (like what Nintendo did to Gamecube) they will be profitable but Sony will be permanently lose all their fans and effect in long term.

If Sony keep PS3 price until mid next year i'm sure they will gain some profit. PS3 game also had higher attach rate lately thanks to blu ray for being unhackable. Also i dont see we need next gen console as HD games is still too expensive for game developer. The earliest i think is around 2015 . Graphic still can be improved and most PS3 games released not even use half of Blu Ray capacity. x360 always use multiple disc. PS Move and Natal still not released. 3D also supported by PS3 and X360. There is no reason for Sony or Microsoft to introduce next gen console this time. None of game developer will like it as it will boost production cost and might destroy the whole industry. Nintendo on other hand might upgrade Wii into Wii HD just to compete with PS3/X360.