PS3 was on 'life support,' admits Sony CEO

Walt Mossberg managed to pull a mighty fun quote from Sony CEO Sir Howard Stringer. During an on-stage interview at D6, Stringer said that the PlayStation 3 "was on life support for awhile," a pretty honest statement from the top executive of a multibillion dollar corporation about one of its flagship products.

Of course, that bit of honesty was just a preface to how the PS3 is in good shape now, with special kudos given to Grand Theft Auto IV and upcoming games sure to give the console a boost (Snake, you there?). Somewhat peripheral to gaming, but our favorite line from the writeup is when Stringer "notes that if it had lost the format war, his gravestone would have read "Betamax 2." Video of Sir Stringer's interview after the break.

This article was originally published on Joystiq.