http://gear.ign.com/articles/999/999825p1.html

New firmware update will include new patent cell-based emulation engine

"According to a report by Siliconera, Sony recently filed a patent for a new cell-based emotion engine emulator, which could be capable of processing PS2 code through the PS3's existing processors. The processes were loosely outlined in the patent filing, but in essence, Sony is developing a way to translate and store Emotion Engine processing data within the PS3. In other words, this means that Sony could theoretically bring backwards compatibility to all current and previous PS3 units with a simple firmware update, regardless of hardware configuration. The filing makes no specific mention of the technology's intended purpose or when or if it will be implemented in a PS3 update, however, it seems pretty safe to assume that Sony will eventually bring it to console. After all, a firmware-enabled emulator is an extremely cost effective way to add an invaluable feature to the device without major hardware revisions." - IGN

Do any of you guys care about backward compatible gameplay on your console?

Why do you present this as fact when it isn't?

I hate threads like that.

Speculation - Not Confirmation

That would be awesome! I would definitely use it.

yeah. patent filling made it obvious.

now the question is when?

Would be awesome if true, it's my biggest complaint about my PS3.

there is a software EE emulation already it's called the 60GB Pal PS3. The juggernaut is the GS that is still Hardware emulation, but at least Sony is still working on this maybe they'll figure out something especially when the PS2 cash cow drys up

Most misleading thread title I've read in a while. This news has also already been posted.

Good news if it happens.

This would make me so happy. There are so many PS2 games I would like to try, but I can't do to lack of BC...

No BC is BS...