The HD console war is over, and the result is a tie.

[Viper1]

TheBigFatJ said:

 

The PS3 may still be able to follow the 10 year life cycle, remaining a popular product through seven or eight years of its life, the last few of which will occur while the PS4 gains traction.  The only question is whether or not Sony can cost-reduce the PS3 enough to profit at the $150 or $100 price point necessary when you launch a new console at $300 or $400.

The PS2 is only selling 7-8 years into it's lifecycle because of how dominating it was the earlier 6-7 years.   The PS3 will not have that luxury, period.  

Both consoles with die out far more abruptly than will the PS2 but not as much as the Xbox.