PSone = NES, where the Playstation name established itself into the gaming market just as how the Nintendo name did with the NES.
PS2 = SNES, launched after Sega(dreamcast) just like the SNES did after the Genesis. PS2 had a huge library of quality games just like the SNES did.
PS3 = N64/GC, where it launched nearly last with the wii just like how the N64 launched after the psone and Saturn and GC launched after PS2 and with the XBOX. Last place in sales, and still somewhat struggling with the sales like the N64 and GC. Quality games aren't as abundant as the competitors just like the N64 and GC, yet there are some quality games. MGS4 is AAAA, LOZ: OOT is AAAA. PS3 has blu ray instead of dvd9, N64 had cartridges instead of CD, GC had mini disk instead of DVD.
I would say that the Playstation series is going through it's N64/GC stage right now. I'm guessing Sony will sell out with the PS4 next gen like Nintendo is doing now with the wii, but in their own way. Instead of making it a toy like Nintendo did with the Wii, Sony will make it a into a cheap compact media device that will sale like crazy and appeal to an even wider market. Most likely Apple and Sony will sign a deal to make it into the console version of the iphone. :P
P.S. I would say M$ is following in the footsteps of SEGA and that the 360 is going through it's Genesis stage right now, but it's kind of far-fetched. I mean everything fits the bill until we get to the Saturn and Dreamcast stage of the game. With all the exclusives M$ is gobbling up I doubt the XBOX 720 will be like the Saturn and with all the money M$ has I doubt the 4th XBOX console will share the same fate as the Dreamcast.
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