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Correct me if I'm wrong, but given that such a PS3 would be unable to play any PS3 games other than the ones small enough to be loaded onto PSN, wouldn't it be more a suped up PS2 than a PS3? Put the PS2 graphics synthesiser back in it, and tada, a suped up PS2 capable of, umm, playing PS2 games scaled up to HD, with Divx/Xvid support. It'd still be a epic flop though.

That site in one fell swoop just made it onto my "don't waste your time reading" list. You've saved me some valuable time Snake612 finding out that fact. Cheers