It appears to be that there will be no PS4 or PS-whatever-you-call-it till 2016 (maybe).Sony Computer Entertainment CEO Kaz Hirai mentioned:
So I guess we will still see the new PlayStation on 2016 if the world will not end on 2012.
“Every year, we reveal and release new features,” says Hirai indicating that the PS3 still hasn’t reached its full potential. “That’s why, we’re not deliberating on a PS4 or next generation machine, whatever you call it.”PS3 came out last 2006 and they said that it will have a lifespan of 10 years and right now it has different models.
So I guess we will still see the new PlayStation on 2016 if the world will not end on 2012.
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