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"Oh and how does this rip anyone off? They have stated they will continue to support the 360 far into the next consoles life time."

It rips off customers because they do not get new games anymore. PS2 owners could buy great games for 7 years. XBox owners had a heavy paperweight after 3. If they do it again they could also imprint a "We hate our customers" on their forehead.

The Sony thing sounds like the PSX. Perhaps it will be more successful this time. (or not).