I don't see MUCH momentum in PS3 sales even after the price cut

[Scruff7]

Nth said:

Scruff - Well, it's good to know that someone in Europe isn't reporting any problems with the firmware updates that allow backwards compatibility. I had always heard that the Euro-gamers weren't having any difficulties with the backwards playback but I wasnt going to say so until someone actually chimed in with an opinion.

I never had a PS2, but i've bought a few second hand PS2 games for my PS3 and they work fine. I only know one other guy with a PS3, and he has loads of PS2 games and they work fine - the PS3 has effectively become a replacement for the PS2 (which he sold) while also playing Motorstorm and Resistance. 

Are there problems with the NA PS3 backwards compatibility?