Honestly, they kind of already tried. The PSTV had some pretty intense PS1 Classics support, as well as PSP and PSVita support.
If they were to do anything now, it'd need to be release a driveless PS3 with an updated OS and more RAM, then increase the volume of PS2 Classics on the PlayStation Store. Give it native Dualshock 4 support and mark it at $100, then market it as the "RetroStation".
It could join the same group chats as PS4 and Vita, even during game; it can play digital PS1, PS2, PS3, and PSminis like the normal PS3, but also add in PSP and PSVita support; the new OS (preferably the PS4's Orbis OS) and extra RAM would streamline the whole experience, especially with the Store itself (the current PS3 storefront is too soon to say it really works); grant it the same streaming and sharing abilities as the PS4, to further integrate it into the "new" PlayStation ecosystem; and finally, the use of shared peripherals like the Dualshock 4 and the PlayStation Eye would further establish the RetroStation as a clear member of the PlayStation family, while the name still clearly sets it apart from the PlayStation 4 to prevent confusion.
Hell, all Sony has to do for a logo is change the P to an R.
Watch me stream games and hunt trophies on my Twitch channel!
Check out my Twitch Channel!:
www.twitch.tv/AzurenGames
