PS3 can still finish in first place.

[Beuli2]

TheSource said:

New generations don't start because of hardware guys. That is completely irrelevant if software shipments fall. Software pays for everything.

Also, for the record, popular Nintendo systems do sell well after their successors are introduced:

NES after SNES: 21.7m units (35% of total shipped systems)

SNES after NES: 6.8m (15% of total shipped systems)

GBA after DS: 30.05m units (37% of shipped GBAs)

DS after 3DS: ??

Don't you mean SNES after N64 there?