With all eyes fixed on next week’s GamesCom in Cologne, speculation has been at an all time high. Many publications are going out on a limb and betting the farm on news coming in from “sources”. Playstation Insider, has even gone as far saying that they know everything Sony has in store for the convention. They go on to list: PSP Go price cut, PS3 Slim, New PSN, and Firmware 3.0, as all being present at the show.

As far as a PSP Go price cut, I personally have never seen product receive a price cut before it’s launched in any industry, especially the video game industry. There is a possibility that Sony has been listening to the gaming public’s out cry about the price, but the most you can likely expect is a downloadable-game voucher pack-in, not a price cut. It’s a premium product, with a premium price.

The PS3 Slim’s announcement at this point is obvious and I don’t feel like beating a dead horse. I’ll let the N4G crowd kill each other over this one.

The last two mentions were the ones that I found most interesting out of the entire bunch. This “New” PSN being referred to is most likely a new PSN Store, namely a PS2 Store. Firmware 3.0, rather than introducing things gamers have been waiting on like voice messaging and cross-game chat, will probably bring about the long forgotten “Backwards Compatibility” feature.

Does Sony’s very recent patent of Emotion Engine emulation technology on the Cell Processor ring a bell? If not, have a look for yourself. Maybe you’re a skeptic, and reading patent information isn’t your thing, well in that case check out this photo from about a year ago (which everyone has forgotten about), right before the PSN Video Store was launched. It Showcases the PS2’s Metal Gear Solid 2: Sons of Liberty in a PSN-like store. Coincidence, highly doubt it.

Q.With all of the money they have been losing every single quarter/year since launch, why would Sony still have this technology researched and then patented? A. To USE it!

Sony is trying they’re hardest to play catch-up in a race that is all but lost this generation. By adding Backwards Compatibilty, Sony instantly transforms the PS3 into the console with the most playable games on the market. I want to make it clear that this in no way is intended to start a flame war, I just want to try to piece something together with an actual basis for argument rather than using unnamed “sources”. Either way, all of us will be seing the fruits of Sony’s labor next week during the convention and all speculation will go to rest, so stay tuned!

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I hope they have FF X.

i would love all of these rumours to b true but i think a lot of people are going to be disappointed in 6days time

indeed it already have one of the largest library with ps1 psn and ps3 games.
especially in japan that the psn have tons of games.
but now ps2 on demand it would be the biggest one ever.

guys...they cant even get PS1 out...its gonna be the same with PS2

I believe the N64 had a price cut right before it was released, it was originally suppose to launch for 249.99, and launched for 199.99 instead.

Playing PS2 games on PSP would be epic but it won't happen, it can happen on PS3 though.

If this is true heres a launch wish list. Silent hill 2 (greatest hits addition), Devil may cry 1 and 3 (we can skip 2 bleh), all 4 onimusha games, both zone of the enders, shadow hearts 1 and 2, and both god of wars. That would keep me occupied for a very loooong time.

You took me back to 2006 on that one. I thought Sony had full bc in the 20gb and 60gb launch models in the U.S.?

I just hope that everyone doesnt put themselves out there to get disapointed when the 18th finally arrive. I would love for all of this to be true, but E3 and previous stubborn pricecut and BC rumors have plauged the internet for quite some time.