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All graphics of Playstation are copyright of Sony.
© PS4PlayStation4.com
All graphics of Playstation are copyright of Sony.
Lifespan
I think you're overstating the length of time between system launches. Yes the PS1 and PS2 had long lifespans in the sense that they had games released for many years after the next console launched, and sales of the systems remained steady, but there was only a 5 year gap between the release of the PS1 and PS2, and a 6 year gap between the PS2 and PS3. Based on that, 2012 is a far more likely release window than 2016 to 2017 as you say. The PS3 WILL continue strong for a time after the PS4 is launched, just as Sony's previous consoles have, it's not like it will disappear the moment the PS4 is released.