I can envision a scenario in which PS3 are sold in developing countries for another 2-3 years. It is a perfectly competent HD streaming device. It has a large library of games and it functions as a Blu Ray player.
In terms of new games, I don't see much more in the pipeline here for US developed and published games. Activision just cut support for Destiny updates. That's a big deal. Don't expect much after Persona 5 in terms of significant US releases. I expect support in Japan to last a few more years. I can envision @Megavideogamer's timeline of support till 2020.
It is proprietary hardware that is NOT backwards compatible. MSRP I believe is still around or above, $199.
If they could find a way to get the price down to $99, and reformat the hardware one more time to a mini, I could see it having one last gasp of sales.
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