It may have a 10 year life but I can see the last 3 at least being along side a new console, I feel the same about the PS3 as well, both consoles will look dated around 2015 no matter how good their hardware is.
Who ever releases a new console will completely out shine the existing as no 10 year old hardware can compete with new no matter how good it was at release.
So I would expect to see the big 3 (maybe only MS and Sony as I feel Nintendo may go the way of Sega) releasing new consoles around the same time(Christmas 2012?), in fact I would be surprised if Sony didn’t release first considering how far behind it was in sales because of Microsoft’s head start.
Who ever releases a new console will completely out shine the existing as no 10 year old hardware can compete with new no matter how good it was at release.
So I would expect to see the big 3 (maybe only MS and Sony as I feel Nintendo may go the way of Sega) releasing new consoles around the same time(Christmas 2012?), in fact I would be surprised if Sony didn’t release first considering how far behind it was in sales because of Microsoft’s head start.