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Also note that the PS2 is still in production.



Yep, and the PS1 was discontinued March 23, 2006. So we might expect a new PS4 in 2012, and the PS2 to be discontinued that same year.

PS: The XBox was discontinued early due to licensing issues. Microsoft was unable to drop the production costs as far as they would like so they decided to release the XBox 360 early.

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