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Squilliam said:

The PS3 has a 2* BRD. A new console could have a 6 or 8 speed drive. This means they wouldn't need a HDD which is immediately a $30 cost savings even accounting for a more expensive drive initially.

A future console without a hard disk drive? I see no way this could happen, disk caching is just one of dozens of reasons for having lots of storage space. I'm sure even Microsoft will learn from its mistakes and will never again release a console like the 360 Arcade.