On the one side is this Reuters report, which is positively bubbly about the system's enduring sales and impact in light of more powerful competitors. Indeed, the $130 system outsold the Xbox 360 and PS3 in January, and had two of the top ten selling games that month.
On the other side, you have this post on Dubious Quality which notes that the big-five publishers only have ten combined games announced for the system from June onward this year. Electronic Arts alone has ten games listed for the PlayStation 3 in the same period, despite the newer system's much smaller installed base.
So is the PS2's future rosy or ruinous? The determination really hinges on how many of those 100 million PS2 owners worldwide are still actively using their systems and how many have traded them in or boxed them up in the closet. The sales of God of War II, due to be released next week, will give a good indication of just how much oomph this aging system has left.
Read - Thriving
Read - Failing