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phaedruss said:
It's not worth the bandwidth, just do software emulation of PS1 and PS2 games and then sell them like on the ps3. Of course, games would have to cross over and hopefully this would mean you could use PS1 and PS2 discs as well.

Yep. Also from a business standpoint, old PS2 games won't get people interested in buying new content for PS4. And I don't see much demand for it anyway; at least for people who are interested in the service.

Also, wasn't Sony rumoured to be working on PS1/PS2 emulation?