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WiteoutKing said:
The main concern is that the PS3 may not be a mediocre console, that it may be a downright flop. That won't be determined for another year or so, after its power-hitter titles come out (and they will hit hard). I have no doubt Sony can bounce back from a mediocre console. I'm not so confident they can come back from a botched console attempt.
Have you been looking at it's sales, compared it to last year? It's here to stay pal.

On topic, both the PS3 and PSP are maintaining good sales, maybe not as good as Nintendo, but there is still millions to be made from both systems, its just not logical to pull the plug right now. I predict atleast another 2 years for the PSP, I doubt we will see a new PSP until Christmas 2010 (That is unless there has already been an announcement I missed). And the PS3 will last to 2012 at the very minimum.