Sony: 250 PS2 "Greatest Hits"

As part of Sony's PS2 price reduction announcement, the firm said that over 250 PS2 games have achieved "Greatest Hits" status to date.

To qualify as a Greatest Hit, PS2 games must have sold more than 400K copies at retail and been on the market for at least nine months. Greatest Hits games are also value-priced.

Cheap software helps make PS2 Sony's main offering for the mass market. The console on Tuesday dropped from $129.99 to $99.99-much more financially accessible than the currently core-focused $399.99 80GB PS3.

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