"The big catch now however, is this PS3 model is no longer backwards compatible with PS2 titles, not even at a software level. This means that gamers purchasing a 40GB PS3 will be reduced to a choice of (currently) 65 PS3 games."
"So will it sell? There will be those that wander into an electronics retailer and see the PS3 for what it is and lay down the cash."
"There will also still be a legion of PlayStation fans who have been waiting for this announcement. They have been looking at the Xbox 360 and the now extensive line-up of features, and more importantly the gaming titles, especially those available cross platforms. So far they have resisted, or have gone ahead and bought an Xbox 360, but still plan to purchase a PS3 when the price is right."