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"PS3 is first and foremost a system that excels in playing games specifically designed to exploit the power and potential of the PS3 system," said David Reeves, President of SCEE. "Games designed for PS3 offer incredible graphics quality, stunning gameplay and massively improved audio and video fidelity that is simply not achievable with PS and PS2 games. Rather than concentrate on PS2 backwards compatibility, in the future, company resources will be increasingly focused on developing new games and entertainment features exclusively for PS3, truly taking advantage of this exciting technology."
Sony notes that some additional PS2 titles will become compatible on the PS3 via regular downloadable firmware update made through the PlayStation Network, playstation.com or via PS3 game discs. The first update will be available for launch on March 23. Gamers can check specific title compatibility using the Sony service found on eu.playstation.com. This site will be available on March 23.
To put this all into terms we can understand, the European PS3 will not feature as good backwards compatibility as the US and Japanese PS3. A Sony spokesperson told Reuters: "The backwards compatibility is not going to be as good as in the US and Japanese models."
As for a new hardware specification, analyst Datamonitor believes the Euro PS3 will feature a new cost-reducing chassis.
"By launching the PS3 in Europe with the new chassis, Sony has at a stroke removed one of the barriers to future price reductions, and providing it can make enough units available, Datamonitor believes there will be sustained growth in PS3 ownership as new users seek to benefit from the PS3's enhanced features and functionality," said the analyst.
"A hacker has once again managed to pilfer eBay credentials that allow him to masquerade as an official company representative even as he taunts eBay officials on the company's message boards. It's at least the second time the person going by the name Vladuz has pulled off the prank, which is causing many users to question the adequacy of eBay security."
The study, entitled "The Effect of File Sharing on Record Sales: An Empirical Analysis," claims that "a one-standard-deviation increase in file sharing reduces an album's weekly sales by a mere 368 copies, an effect that is too small to be statistically distinguishable from zero.""