Have to wait until we see some sort of list then. Its good for Sony (in terms of profit), but if the list isn't solid - this will generate heaps of bad publicity, and bite them in the butt. Another theory - this way they keep people buying PS2's for longer (if they want to play PS2 games). I would hope that the software solution supports at least GTA(s). God of Ware II/II, Singstar, etc. Those vector units in the PS2 can get pretty complex - simulating the exact timing in software is no easy feat.
Gesta Non Verba
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I dont see what the big deal is. Most high seller titles are almost guaranteed to run, Sony would be stupid to exclude those. I reckon that the titles most likely affected would be the shitty, niche and those with narrow and limited markets. But then again, this is Sony after all, so we'll see. The fact that they havent released a list of titles thats not back-compatible is shitty on their part.
Che thogfair mo fhearg gan diolach?