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The PS3 uses a something like 7900gtx so no comparison!
As I mentioned above, it doesn't really work like that.
Yeah. After 5 years of practice they get pretty damn good at coding for that crappy old hardware. Compare the release ps2 games to the newest ones, and it doesn't look like they're on the same console.
That's very true. Even the Super Nintendo was the same. some of the later games were very impressive but overshadowed by PS1 by this point. I'm not sure if you're saying that as a positive of negative for the consoles but to me it's a positive.