People still play SNES games, does that make the life cycle of the console 20 years ?
C'mon man, by life cycle of a console it is intended the years during which AAA games are being developed for it. Nobody develops anymore AAA titles for the ps 2, therefore its commercial life as a gaming platform is over. This doesn't mean that people can't continue to enjoy old games the same as people enjoy N64 games or SNES games or dreamcast games.