"Hey everyone, lets drool over the new PS3 console! It's sooooooo cool!"
"If I have this it will make me the hippest kid in school even if I look like Jack Black with a bad hair day, low self-esteem, Harry Potter glasses and no social life!"
"PS2 is soooooo dead, and I sooooooo think I am entitled to say this, because I soooooo sound like a knooooooow about it all when I soooooo drag out my OOOOOOOOOs like this."

The Old and Crusty Friend? The Diseased and Disregarded Pally? The Mediochre Mate? The PS2?
WTF man? No, I mean the PS1. Yes, the PS2 is seeing what it'slike to rapidly fall to the bottom of the pile - of course, being made by the same guys as the PS3, the companies don't give the chocolate half of a Twinkie. But it's the PS1 that really gets the...

Look, how about I explain it THIS way.
PS1 comes out:
"Yay, I have no idea what the **** this is, but I have to have it anyway!" Playing. The world gains pounds. Geeks form clubs (no offence) dedeicated to.. lets say Spyro and... Tony Hawke Pro Skater 2.
PS2 comes out:
"Yay, I have no idea what the **** has changed but I have to have it anyway!" Of course, we know, but -- Playing. While we still gain pounds, Sony thinks some truly devious thought - even if the games don't require the power, graphics, speed and processing the PS2 provides, make it PS2 exclusive.
It's business after all.

Ergo the death of the PS1 as it struggles to entertain itself with crap like Harry Potter: Chanber of Secrets, with mildly interesting breaks of MediEvil II, topped with more crapvia Croc: Revenge of the Gobbos or whatever.
Have you ever SEEN Video Ezy in New Zealand? About 6 shelves devoted to PS2.
About half a shelfto PS1.
Well, shoot my pidgeon and call me Rumplestiltskin. We need to upgrade.

So what will the inevitable response to the PS3 be? The PS1 will probably be suffering all over the world, kids chuck out their platforms, and they become about as welcome in a Christmas Stocking as Mrs. Claus's 100% All Natural Reindeer S**t. Very nice.
The PS2 won't get down to half shelves, at least not so quickly, because it's already such high quality. But it is officially labeled by Isaac Newton and Winston Churchil - well sort of - as 'Old Hat'.

Please, a moment of silence for the PlayStation One.