Shame. It was Sony's relaxed attitude towards older models that attracted me away from the Xbox where, immediately, no new games were made for the machine the day the 360 was released.
I got the PHAT 60gb model because it also could play PS2 titles (and had SACD playback compatibility). Sadly my PHAT only lasted three years after which it continually broke down. My new Slim has lost the PS2 and SACD abilities much to my regret, so I may sell these disks.
One thing is for certain, if I buy a PS4 at all (which seems unlikely in these rumours are true) my experience with the my First Gen (PHAT 60gb) PS3 means I won't be getting the first Gen PS4. I think I will probably wait for one of the 3rd of 4th gen. models when they arrive.
There's no hurry. I can't imagine what fantastic leaps over the PS3 the PS4 is likely to have in any case. The PS3 does it all for me already**. I reckon new games will still be made for the PS3 post PS4 for a while, just like new PS2 games have been coming out every now and then post PS3.
** a built in Retina display (3D of course) would be a good start - so I don't need hog out 43" plasma display.
M_T_Mabowels' comments