An excerpt from the is below:

While might not have been in the best interest of gamers hoping for a PS3, it was the right move for Sony's bleeding balance sheet, says market researcher David Cole of DFC Intelligence.

"Obviously everyone wants a , but profitability is essential for Sony to continue funding the business," Cole says. "The longer they can keep PS2 alive, the longer they have for the PS3."

"Keeping consumers playing the PS2 can stop them for migrating to a competing system," Cole says.