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An update from kotaku
http://kotaku.com/gaming/ps3/scee-ps3-60gb-nixed-for-uk-too-307651.php

From Nick Sharples, Sony's Director of Corporate Communications in Europe:

"
The 60GB Starter pack will remain on sale until stocks run out (a number of months, depending on territory.) Thereafter, the 40GB model will be the only SKU in the SCEE region.
"

BC is way overrated. To me is just a something that is nice to have. Maybe they can release some of those ps2 games online or something. In the end all that matters is that the system still plays PS3 games which is what most people are buying it for. This will boost sales but not as much as some may think. We will soon find out.