European PS3 -- sacrificing backwards for forwards [update 2]
Analyst Alex Kwiatowski had this to say: "I'm as disappointed as the next game player about the reduced backward compatibility, but even the most nostalgic, misty-eyed gamers will have their steely hearts impressed by the new features that PS3 games provide." Not only will the games impress, but this new model of PS3 has improved sound and graphics capabilities to stir up interest. There weren't any specifics, but guys, you might want to keep your PS2 and plug it into a small TV or something. Mine's upstairs, but is getting very little use.
[also available in Joystiq flavor!]
[update: fixed a wonky sentence. Or tried to.]
[update 2: CVG has an update on the situation -- check it out!]