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Looking at how all the pirated consoles are faring, I see no reason for it to happen.

Online is a great attractive and I can't see many people doing like it happens in the X360 piracy scene - a console for pirated offline games and a a arcade unit for online games. PS3 is simply too expensive.

Maybe some offline games, specially the older ones, could take a hit, but I guess most of the people willing to play them are either renting or buying it used.

But still PS3 has by far the most expensive games library out from the three consoles so it could be worse than it is on the X360. Maybe it could force devs to some pricecuts and/or special offers.