PS3 Backwards Compatibility Confirmed
Thanks to Gamesindustry.biz for their story confirming that the PlayStation 3 will offer backwards compatibility with earlier PlayStation consoles via emulation, offering a quote from Sony boss Ken Kutaragi, sourced from the Japanese newspaper Asahi Shimbun: "PSone runs on the PlayStation 2 through emulation rather than actual hardware. PlayStation 3 will offer the same compatibility for PS2 software and the format will continue forever." He also partially attributed the PS2's success to its multi-purpose nature, saying "[PS2] offers a sense of insurance because it is compatible with PSone and DVD movies", echoing earlier suggestions about DVD players in consoles, and obvious advantages to backwards software compatibility.
Actually, according to this link, it will be running Microsoft XP Media Center!
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