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Theo said:
I wonder when they'll stop production of the PS2. The PS1 was in production for 11 years but didn't sell as well as the PS2 (although it did very well) and on top of that, it was competing with 2 other playstation consoles.

So PS2 production continuing on for another 2 years then? Perhaps a Launch of the PS4 in two years also?

As long as they sell 1 million ps2 consoles a year, i dont see a need to discontinue it as its pure profit. Theywill most likely discontinue it some time after PS4 launches, since it's selling better then PS1 was at the same amount of years it'll stay on the market for longer.