According to Deutsche Bank analyst Jeetil Patel, the PS2 is on its way out. If you want to read the specifics you can go here.
What always blows me away when I read video game analysts' work is that they often miss the obvious, in this case the year on year drop of 47% for the month of September for PS2 software.
Gee, Mr. Analyst, I wonder what could have caused such a drop? Pray tell! "It is currently unclear whether the drop reflects consumer transition to next-gen software or weak spending patterns amongst the low-end consumer."
Or, maybe, just maybe, it's that there aren't any quality games coming out for the PS2!!! September of 2006 saw the megaselling Lego Star Wars II, Okami, Rule of Rose, NBA 2K7, and Open Season, to name a few.
Okay, yes, there are still titles being made for the PS2 but they are often the dumbed-down, less feature packed versions, for example, Tony Hawk's Proving Ground. Give me a full-featured THPG on the PS2 for $40 and I'm buying it!
Finally, who is this "low-end consumer" he's talking about? The bargain basement video game shopper? Yes, you figured it out Mr. Analyst...it's weak spending habits among cheap people that is the cause for the PS2's downfall.