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makingmusic476 said:
But what could Sony do? Bust out a ps4 that's even more powerful than the ps3, and thus has even higher dev costs?

The only thing I could see Sony doing is releasing a slightly more power system in a 4-5 years that focuses more on extra features than powerful hardware. It would have a hardware layout similar to the ps3's, and development would be rather easy for anyone well versed in the ps3's hardware (much like the transition from GC development to Wii development).

But I personally think that the ps3 will be around for quite some time. The thing was essentially built to be the media center to take over the living room

Well that was the plan.  I'm fairly certain they said this gen was about pushing tech and next gen was going to be about innovation. So Sony should have something crazy for us come PS4.