PS2 will be dead before the end of the year. Sadly. There will be no new exclusive releases, and Multiplats (like GH IV) will sell better on current-gen consoles.
PSP will be dead in 2009/2010. Software will still be made for the little portable that could, but it will not sell. Sony will be able to focus more on it when the PS2 dies, that's why it will die in 09 or 10, depending on when Sony comes out with the inevitable PSP2
XBOX 360 will be dead in 2010 or 2011. It will be six years after it's launch and MS will have lost to the PS3 and Wii before the end of this year is up, as the PS3 is outselling it on a daily basis.
Nintendo DS will be dead in 2010/2011. It will have been seven years since launch, and Nintendo will have came up with something new... I hope.
Last to die will be Nintendo Wii and Sony PlayStation 3. They will both die around 2012/2013, when their next gen counterparts come out. It's too early to say who will win, but Sony is preparing itself to keep the PS3 out for ten years, with the Blu-Ray player and the power of the system, as it will not look dated for some time.
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