They say the darkest hour is right before the dawn. Sony better hope so. since Sony is still struggling to break even on the PS3, the seven-year-old PS2 remains by far the company's most successful console. That's certainly a testament to the PS2's capabilities and top-notch game library. But it's also an indictment of the PS3, and a painful reminder that Sony has, so far, managed to disregard every lesson it should have learned from its past two consoles.
Anyway, what's done is done.
Sony can't go back in time and unrelease the PS3 and wait another year to get the cost of the components down before putting the system on store shelves. And it can't reverse the migration of previously exclusive titles to other systems (notably the 360).
But the company does have two advantages heading into this year.