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There's always a chance so long as they're still in business as a game maker.

It may happen, but it won't be any time soon, I would say the reception to the next sonic game will be a big indication of whether they can or cannot make a new console (seeing as sonic is to sega as Mario is to nintendo, Masterchief to Microsoft and... Kratos? is to sony).

Personally, I would hate to see it happen, 4 home consoles seems to be too many to me.