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Dolla Dolla said:
Biggest problem with the possibility of Sony failing is the studios that support them. What happens, do they disband and become third party, or sink with the ship? I'd hate to see great development houses that created God of War, Shadow of the Colossus, Resistance: Fall of Man, and Motorstorm suddenly drop off the face of the earth.

 Actually that wouldn't happen.  When  company either dies out or leaves a market they usually sale their properities that were worthwhile to that market.  I mean it's not only giving them more money but why hold on to something you don't need.  Saw it with Acclaim after they went bankrupt and sold their properties.  So those properties would probably be sold to the big players left in the industry such as Nintendo, EA, Sega, Activision, Ubisoft, Capcom, or Square.