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I believe that if Paizo decided to print anything 4.0, it would be "feeler products" that would suit the system. The idea of releasing nothing 4.0 is ludicrous. So, I think we will see a heavy handed 3.5 hand backed by a smidgen of 4.0. I think Paizo has the sense to hedge their bets. I do ponder often that a reiteration of a new edition that is closed from OGL (within the WotC monster) is a real possibility. And because of that, 3.5 is the last stand for OGL and perhaps the diversity of the hobby in general. I appreciate Erik Mona's cander in his broad view of what is possible down the long road. If a 3.75 was created, I would be thrilled to hop into bed with Paizo exclusively. However, running with the big boys and supporting 4.0 would just erode 3.5 or any 3.75 effort. If Paizo does hedge their bets and goes with some 4.0 products, there will obviously be more people that will make the switch (People who buy Paizo products).
I guess the real question here is,"Just how much money do you spend in backing an Old Horse versus backing a Bad Horse.
I remember a post long ago from some rambling madman (that worked inside Wizards) that said, "WotC wants to create a D&D game that sells more miniatures/toys that increase revenue." He was let go and pretty much everything he said was denied. I wonder if that is what this amounts to. Did an executive create a crisis after looking at the figures and planted the seeds for a drift in a general direction? Plenty of creative people work under that kind of framework. "You guys are doing a great job, but imagine a way to get everyone buying more plastic figures and playing them in a game that makes them come exclusively to us. Just chew on that for a few years, and try to get rid of all these bizarre complicated rules while you are at it."
Cheers,
Zux