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Munkeh111 said:
1) Price cut
2) full backwards compat
3) continued PS2 franchises

 IMO, they need to perform all 3 of these options. Add in a trade-in deal, so you can trade a PS2 for a PS3 at 100 dollars off.

 

But I don't think that's what happening. 



There is no such thing as a console war. This is the first step to game design.