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Impulsivity said:
You can get a 40GB non BW compatable PS3 for 300 right now (check ebay). You shouldn't have to pay more then 400 for a 80GB, 60GB or 20GB BW compatable PS3 (again, ebay).

I do second what many people said though, I almost never use BW compatability except once in a long while when something like Persona comes out. It is still better to have it then not though since it does upscale PS3 games (though if your TV is less then 40 inches it won't make a huge difference over a PS2 with component cables at all).

If money is tight you can get a non BC PS3 for under 300 dollars, if money isn't tight go for a search and find a 400 dollar 80GB motorstorm bundle PS3 (its newer if you're concerned about launch PS3s, though my 60GB is from launch and works fine).

 

There are 420P PS2 component cables for sales? I didn't know that. This makes my decision very very easy. (BTW, are these cables $20 or less?)

I will play the 360/Wii/PSP games I have, and buy the 360/Wii/PSP/DS games I want (though I seem to want DS games the least becuase they almost always seem bad next to PSP games), and then when I run out of super great games, I will buy a $400 PS3 and LBP and Dark Knight BD. Then once PS2 goes down to $100 and is on its last leg I will buy it, and lots of games new games for $10 on amazon :D I bet I can even get my parents to pay for 1/2 of the PS3's price if its $400 since they want a Blu Ray player.

I do really want a PS3 though. LBP looks awesome, and I love platformers. I baiscally bought 360 Banjo Kazooie (and Oblvion, Gemotery wars, castle crashers, Tales of vesperia, and fable 2).