It could happen.

PS1 took off and never looked back when FF 7 was released.

If FF XIII and GTA 4 were an exlcusive. PS3 sales would have exploded.

PS3 needs a FF 7 effect if you know what I mean.

if sony doesnt release a ps4 until the middle of next gen then yes

Hmm... nope. Assuming that next gen starts in 2 years like many are saying, it'll start being phased down in retail space shortly afterwards for all the new systems. It should be able to double its current numbers, but that only brings us to 2/3 of the PS1's total...

it can, but it is unlikely

Yes it's outselling the PS1 LTD, but that is really just a factor of more systems being sold IN GENERAL this generation (thanks PS2 ). In order for it to pass the PS1, they would have to hold out from releasing their new system for another 4 years, which they could do but it could be dangerous, particularly if Nintendo brings out a system with the same specs but with some new hook that gets the mommies and daddies of the world all a-flutter before that time.

It's possible, of course, but I put no due to the fact that as they are not the market leader, they have no choice but to react to the market. Basically, in the video game market right now, Nintendo is what's known as a "price-setter", this means they set their price by what is called "Cost-Plus" pricing. They take their full cost and add their desired profit on top of it, and that becomes their selling price. Because their product is unique and therefore less direct competition.

Sony on the other hand not being the market leader is a "Price-Taker" meaning they have to use "Target Pricing", which is where they take the Market price, minus their desired profit, to reach their full cost. They must somehow get that target cost below the market price to not be selling at a lossm which is looks like they have done recently, but I doubt they are hitting any "Target Profits"

Thus if the market leader (Price-Setter, Nintendo) drops their price to a point where the "Price-Taker" (Sony) isn't profitably going to go, Sony either has to operate in a loss leading environment again (which is eventually going to piss off the stockholders who are going to want a return on assets at some point) or stay still on their price and hurt their brand power for the future.

It doesn't make sense from a business perspective to continue to emphasize the PS3 when other products in the mix are much more profitable (PSP and PS2). So, there's my reasoning on my "No" answer.

maybe... if sony sells at least 10 mil PS3's every fiscal year.
10-year plan and all that stuff.
10 x 10 = 100 mil xD

Only if they don't release a PS4 within 4+ years.

Depends on the PS4 launch and the PS3's time as Sony's main system. PS4 Launch in 2011- no real chance. Launch in 2012- Yeah maybe.