"1) Play games from any country
Harbouring a desire to play Super Gaiden Ninja XI? Now you can. In fact, you can handily play any PS3 game from any country. On holiday in the States and spot the latest release at a bargain dollar-to-pound price? Help yourself. So far, at least, PS3 games aren't being region coded. That said PS2 and PS1 games are so you can't play a US title on a Euro console.
And let's not forget that Blu-ray movies are region-coded so the barriers aren't completely down yet."
Hit the link to see the rest.