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I'm not so sure about beating the PS2. There were a lot of things in SONY's favor, during those times. GTA Sandreas was DEFINETELY one of them. Even if Microsoft bails on Xbox early, I think it would still be pretty hard to beat.

Now, if Microsoft were to sell their Xbox licenses to SONY (Halo, Gears), well...that's a whole different ball game...

 

EDIT:  Also, Playstation NOW would have to be everything I'd HOPE it to be (at least HALF of a full library of PS1, PS2, & PS3 titles).  If not, & the PS3 is still alive and kicking, I don't see it happening...