I don't think it will reflect badly on the next gen game itself but even then its in danger of being overshadowed by GTA4's release on the same day.Yeah the PS2 far from "rox"! If anything it harms the quality of next gen games, case in point MUA! That game was great but could have been + looked so much better if the developers just forgot about the PS2.
ironically the Wii is keeping the PS2 alive because of its graphics chip. Developers figure why not port both games onto the Wii and the PS2 to maximise income, when funny enough it was initially the other way around when developers realised that the wii wasn't that much of a jump in technology and it started to become popular. Now they have the Wii in mind and then port the game to PS2 with some of the people who still are buying games for it especially now that the big players have moved on the smaller companies figure a semi big game will make a killing on it due to lack of competition. that's probably why sega wants to support it until 2010 at least.
I wanna buy this game but I think i'll get GTAIV first 