From Joystiq: "We all heard the news; the PS3 isn't fully backwards compatible with every PlayStation game. Of the 8,000 or so games in the PlayStation universe, roughly 200 of them won't work as advertised. It looks like the backcompat issue is yet another black mark on Sony's already stumbling reputation ... but is this really that bad?
Business Week is one of those groups who apparently think background music not playing right in Radiata Stories during cutscenes is going to topple the Sony empire like Visigoths over Rome (alright, a bit extreme). They claim "the bad publicity could ultimately leave Sony at a disadvantage compared with Microsoft and Nintendo." We find that a bit of a stretch when Sony's got bigger issues out there and we haven't heard a peep from Microsoft's backwards compatibility efforts since August."