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Name one single winning console in the last 20 years that was discontinued once its successor launched. There isn't one. The PS2/PS3 isn't anything special.

And brand loyalty is obviously overrated. Or am I mistaken, and the PSP sold 100 million to all the PS loyalists while the DS (which abandoned the popular Game Boy brand, mind you) sold far less? And of course the completely unknown Playstation 1 was outright flattened by the undefeated Nintendo brand with the N64.

Sales trends don't suddenly reverse themselves. There isn't some magical bank of PS2 customers that are going to decide they're all going to buy a PS3 one day. The first 1/3 of consoles have been sold and the last 2/3 of consoles will follow a simlar trend.