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HokageTenshi said:

of cause its not PS3 successor since it doesn't support PS3 games...

Exactly. Its an entirely new console. It definitely won't replace your PS3, it'll live side by side for 1-2 years.

Eventually, it will replace the PS3, obviously. For PS4 to be a successor to the PS3, it would have to replace it, which its not able to do due to lack of backwards compatibility and high price of entry.