Phil Harrison says when the PS3 arrives in Europe, Australia, Africa and the Middle East, the PLAYSTATION 3 will be able to play over one thousand games from the PS2. All this is done by software emulation. And of course that list will grow with future firmware updates.

They are going to make a website that will list all the PS2 titles that will have backwards compatibility. And they’ll add to that as the list grows as well.

PS3 Backwards compatibility: 1,000 reasons not to worry