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greenmedic88 said:

Playstation consoles have all trended differently, making 10 year + production cycles viable. 

There was one trend that gamers used to look forward to on PS consoles and that was aggressive price cuts due to competition.

The original Playstation had a price cut of -$100 only 8 months in, reducing it's launch price by a third from $299 to $199.

The PS2  also had a price cut of -$100  1 year 7 months in, reducing it's launch price by a third from $299 to $199.  

The PS3 had  a price cut of -$200 1 year 10 months in, reducing it's launch price by a third from $599 to $399.

It's hard to say if Sony will continue this trend of price cuts of 1/3 before the end of the 2nd year now that it faces no real competition..