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Anyone else think Sony would avoid this because they have been banking in on selling a 'New' Remastered versions of their last gen games. If they allowed people to play their old PS3 versions they would lose a lot of money. Or am I missing something?

This is a BIG move for Microsoft. I have PS4 and Wii U, but the fact I could go on Amazon and order 360 games many AAA titles for like $5 to $10 bucks and play them on my X Box One, on top of the already impressive X One library of games... My brother has only an X One and we gamed together our whole lives until this gen...

I think Microsoft just snagged another customer. Looks like I'll be stuck with all 3 this generation... shucks ;p