Yeah i own a launch 60GB PS3, and in my opinion it was the best model they ever did. Only this one has backwards compatibilty. But when you think about it, this is because the hardware was built into it to enable it to run PS2/PS1 games, and only with regular updates ws it able to run almost all of these games(which it didnt originally). So why can't Sony simply give newer PS3 owners an emulator download which will contain all the necessary software needed to run PS1/PS2 games? Iv seen emulators on the PC that enables you to insert your old Mega-CD games and have them running, so why not?
But for me, Ive lost interest in last-gen games. I gave up playing PS1 games when I got my PS2, and likewise with the PS3. I'll tell you how much Ive moved on: I used to play GT4 non-stop, but since GT5p Ive never touched it. GT5p may only be half a game, but it is light years ahead of GT4 in many ways.