Against all expectations, Sony has released a statement forecasting a 10-year product life cycle for the PS2. It would be a remarkable achievement in the constantly accelerating market, but on the other hand they were able to do the same with the Playstation and PSOne. The news is quite surprising as next generations consoles were expected be just around the corner by all the major vendors, but according to Sony they are not about to schedule their releases just to match the competitors.
In a keynote address at the Game Developers Conference in San Jose, California, Andrew House, executive vice president of Sony Computer Entertainment of America, said the success of the original PlayStation, nearing its 10th anniversary, had convinced the company that two-thirds of its potential PS2 sales were yet to come.Source: Reuters.com
Sony has had a busy week, as they also announced the first game title for the PSP, the PlayStation Portable. According to the announcement, there are already 81 game developers that support the PSP platform
Chris Charla, the game's producer, played a video for the crowd before stating that "polygon for polygon, PSP has more power than PS2," before reinforcing how easy it is to develop for the new handheld console.Source: TotalGames.Net