I care quite a bit.
My PS3 broke a few years back and I held off buying a new PS3 because I was hoping PS4 would be backward compatible. Now that I found out that it isn't this delays my PS4 buy by a couple years. Still going to get it because I love Sony, but not as soon. PS3 is still a $250 system, I'd rather pay $50 ontop of the $400 for a PS4 which is BC then buy two consoles.
In the past I bought a 360 over a PS3 because both were BC, but I owned a PS2, and not an XB. Plus Gears of war and the then exclusive Lost Planet looked awesome.
I didn't buy a PSV because it wasn't physically BC. I didn't own a PSP until last year, and had the PSV been BC with retail PSP games I probably would have purchased it over a PSP. Now I won't own a PSV until I beat all my PSP games, and that might be a loong while.
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I think BC is very important in this day and age, especially because many people don't own multiple consoles. If PS4 was BC then everyone who only owned a 360 could play PS3's exclusives if they upgraded to PS4. The same logic applies to PS3 owners buying a One. Not everyone buying a PS4 owned a PS3, and not everyone buying a One owned a 360.
Plus a lot of core gamers ignored the Wii, but Wii had a lot of great games (XenoBlade for one). If someone interested in the WiiU was also interested in a couple Wii games (just a couple, Wii has a good library), it doesn't make much sense to spend $100 just to play 2-3 games.
Backward compatibility is nice because it gives new consoles an instantanous lineup of cheap, and excellent games.
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