From GamesReviews:
"The big issue for the PlayStation 4 is its lack of offline backwards compatibility. It’s the most often repeated complaint, usually followed by some variation of the phrase “it’s not a deal breaker, but really Sony should have made more of an effort.” Moments later, a foil-hat equipped conspiracy theorist will explain in great detail about how this is just another way that Sony is trying to bleed money out of their fans, and then that horrible word will rear its ugly head: anti-consumerism.
"The truth is, there’s a very good reason that the PlayStation 4 doesn't have backwards compatibility. It’s not because Sony want to screw you over, although I know some of you would love for that to be true."
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Cloud is great but this play your game that is being downloading is pretty great.
Interesting points
I don't know. I think i remeber people saying PS2 was hard to emulate but people are reporting computer experts did it.
I won't be surprised to see PS3 games on PC.
If I can put the PS3 disc in the PS4 and some how be able to detect it then stream the game for free through Gaikai I would be happy.
If you don't have the disc you have to pay.
These are valid points but what if my internet sucks or I have a high latency? Do I have to buy a PS3 or suck a d*ck? Probably answer is yes...