The AP has a feature on the plight of the Playstation 2, by far the most owned home console in the world. As Sony moves to the Playstation 3 and hardcore gamers begin to ignore the last gen, Sony tries to balance progress with sales. The Playstation 2's rapidly deflating price left it outselling its shiner sister 4:1 recently.

"We are committing funds for PS2 ... we encourage third parties to continue development for PS2. If they bring a PS3 version out, they can bring a PS2 version out as well," David Reeves, head of Sony's European games unit, told Reuters on the sidelines of the Leipzig Games Convention on Thursday.

"There is a lot of money still. What happened last time with PS1 is that they left a lot of money on the table by making the transition too quickly," he said.

Read more here.