I doubt Sony is seriously going to be bankrupt cause the PS3 failed, its not like they are exclusively a console developer like Nintendo or Sega. I love how no one cried foul when Sony's Blu-Ray pushed HD DVD out of market. If the PS3 fails, I see it as Sony's fault. Not SE, not Microsoft. Sony walked into this console generation as a pompous ass that felt it could do no wrong, they talked some smack, made some unrealistic promises and failed to see their third party developers were having issues with their hardware. The company itself has fumbled the PS3 and its sad for the fans but sometimes you have to realize that once you reach the top there is only one place to go from there... down.
This is not to say I feel Microsoft is any better. Hell, I feel all three companies have seriously dropped the ball this generation and I was hoping to see a glimmer of hope that all three would wake up and fix their issues. Microsoft still seems in the dark about their shoddy design and inability to choose who their target demograph is.
Nintendo may have started digging their own grave; especially when they realize that the "super casual market" most likely feels the Wii is a nice fad. You know, like they did to Video Games before in the late-70's.:rolleyes2 Losing all their high profile, third party exclusives like FFXIII, GTAIV, and DMC4 should be a wake up call to Sony. If their executives are halfway smart, we should be seeing some heavy handed ass kissing for the next few years... both cheeks.
Truthfully, I feel its going to get worse before it gets better.