Kiddies, you may want to sit down for this one. I have some bad news.

During a chat with ArsTechnica, Sony Computer Entertainment of America’s marketing director, John Koller, the longtime question of what Sony plans to do about PlayStation 2 backwards compatibility on PlayStation 3 was asked and met with a disturbing answer…

At this point in time there is only one backwards compatible version of the PS3, the 80 GB PS3, which is only available in North America. There are indications, however, that it might also be retired by Sony. It is clear that backwards compatibility is not very high on the list of Sony’s priorities but it might still give software simulation a try.

Eric Lempel, director of Playstation Network, told EGM magazine (latest issue) in an interview that backwards compatibility might…

If PS3 Fanboy is to be believed, the 80 GB PS3 might be soon retired by Sony in North America, the only major territory where it is even still available. An anonymous Best Buy employee leaked an internal letter to the website, which informs employees about the discontinuation of the 80 GB PS3, which is priced at $499.

The letter reveals that the “80 GB PS3 version is going closeout and won’t be replaced at this time.” The letter further notifies the Best Buy employees that the 80 GB version will…

The Xbox 360′s latest backwards compatibility update (which commenced in November, 2007) may have been its last. According to a post in GameDaily, group marketing manager Albert Penello told Kotaku that while the Xbox originals (popular Xbox games available for download on Xbox Live) are still going strong, the backwards compatibility updates will be “winding more »

Major Nelson has an updated list of original Xbox games that will now work on the 360. Admittedly it isn’t a terribly impressive collection. With such “classic” games as 25 to Life, Turok: Evolution, NFL 2K2 and Blinx: The Timekeeper. But hey, backwards compatibility is better than no backwards compatibility (I’m looking at you, redesigned more »