"When Sony launches the PS3 in Europe, consumers there won't be getting the same thing that US and Japanese buyers picked up at launch—they'll be getting less. Sony has just announced that the new revision of the PS3 will be less backwards compatible with PS2 games. 'Sony is looking to decrease the production cost of the Playstation 3, and they have opted to replace dedicated hardware with software that will replace its functionality. The hardware had been providing full backwards compatibility of PS2 games, but Sony makes it clear that the new configuration will not offer the same level of support. Certain PlayStation 2 format software titles may not perform properly on this system, the statement reads.'"

Read it here

Another reason not to buy a PS3

more like a reason not to buy any consoles at all ...

Be gone you demonic pieces of useless hardware !!

the reason of the ps3 is to play next gen games. if i wan't to play old games why would i buy a ps3? i will use mine ps2 to play the older games. but i think if you have a ps3 you don't even want to play the old games :P