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I would say it was extremely important. I never bought a N64, Gamecube, Saturn, or Dreamcast because I couldn't play classic games on them. The main reason I bought a Wii was for the Virtual Console. All the classic games you could ever want on one system. The problem there is the price and disk space. I can play all the GC games and VC games I want while I wait for new decent Wii games. The BIGGEST thing that I love about the PS2 is that it has the most games collections. You can get the Namco Museum, all the Midway titles, most of Sony's titles, a lot of Capcom titles, etc for really cheap. That really isn't backwards compatibility, but it is the great nonetheless. It is a shame you can't play those on the cheaper PS3.