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FWIW, Atari supported and sold the 2600 past the lifetimes of both of its successors, especially the 5200. Not that Atari in the end was a great success story past 1983, but there's a history lesson in the reasons why the 5200 failed miserably and was eventually abandoned with focus placed back on a 7 year old console. For the most part, it was price, no backward compatibilty, undesirable controllers, and a lack of interesting games...all of which led to very little 3rd party games which killed it even faster.

The refocus on the 2600 kept Atari alive (well, on life support anyway), so history does backup Sony's new direction. The other part of their plan was the introduction of the 7800 which was alot cheaper than the 5200 and had full backward compatibility. Anyone think Sony might consider a new console that is slightly more powerful than a PS2 with full backward compatibility with a Blu-Ray drive in it? =)