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I need to post this before someone request that the thread is closed because folks will consider our comments bashing and whupping up on the PS3. I'll leave that to the nuts in suits on Planet Sony.

From a GamePro article:

... On Backwards Compatibility

[The PS3 will have] almost perfect backwards compatibility. There will be some exceptions, but we believe those will be even less than we saw from PSOne to PS2."Backwards compatibility, as you know from PlayStation One and PlayStation 2, is a core value of what we believe we should offer. And access to the library of content people have created, bought for themselves, and accumulated over the years is necessary to create a format. PlayStation is a format meaning that it transcends many devices -- PSOne, PS2, and now PS3."

"If the developer wrote the game according to our technical requirements checklist, we will have what we believe will be almost perfect backwards compatibility. There will be some exceptions, there always are, but we believe those will be very few and far between. Even less so than we saw from PSOne to PS2."

...On Microsoft's Difficulties with Xbox 360 Backward Compatibility

"I don't believe that was backwards compatibility."

http://www.gamepro.com/news.cfm?article_id=55108

Lies, lies, lies. You can't spin this crap no matter what you say. It came out of a Sony exec's mouth and to delete the feature to FORCE folks to buy PS3 only games? WOW. I've got this article bookmarked to keep reminding me of what a liar does, says and is.