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First, I am so happy they finally announced a 40GB one. Hope it comes out in the states for the rumored $400. I'd buy it the. Second, why does everyone care about BC. There are over a hundred million PS2's out there. In fact, I'm going to assume that everyone that has posted in this thread has one. And by this point, if you haven't bought one, you aren't going to cuz it's been out for seven years and at this point the graphics and the system are just too dated so whats all the problem with the no BC? Don't you buy a next gen system to play next gen games. If you want to play PS2 games, go get one off of ebay for eighty bucks or buy a PS2 because there's no reason to get a PS3 to play PS2 games.