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Not at all, as many have said! The library, by now, is damn huge and increasing, the prices for most games are low, and since Sony is yet to make serious profits from it, I doubt we'll see its successor soon. In fact, Sony's effort in putting out games for it is kinda scary ;)

Since getting an HD screen I can call my own not so long ago, I have been enjoying it more than ever. I recommend that you do as well ;)