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I donno the details, i saw a video on youtube which has a PS2 game running on a PS2 and on a PS3, both recorded on the same tv, same stuff, then the person put the two videos together and put half and half so you can see a side by side view of it.
The game on the PS3 looked like absolute SHIT. Aparently theres a whole bunch of videos just like it.
As far as i know it emulates PS1 by software and it does PS2 by a PS2 processor + software.
Either way i sold my PS3, it's just not on the same level as the Xbox360, its got a lot of catching up to do.
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