A point I\'ll argue: the PSX did indeed have better graphics than the N64. Performance was better too. Low res, foggy environments etc made the N64 the worst console in the generation (and I\'m even counting Saturn). It made it through by brand loyalty.
All this talk of the demise of the PS2 is laughable really. The PS2 isn\'t going anywhere, anytime soon. It\'s userbase is too large.
I do think that in year 4 or 5, one of the new consoles will either be fighting for the userbase lead or ahead, but that\'s so far into the future that it won\'t really matter. The SNES caught the genesis eventually, but by the time it did both companies were ready to move on (although N did stick it out for a year or so longer).