After the high price of the European PS3 was revealed, people were already hesitant to buy the console. But now, Sony has revealed that the PAL PS3 will not have the Emotion Engine microprocessor, nor the Graphics Synthesizer drawing circuit. What does this all mean? Less PS2 games will be able to be played on the PS3, as the console will rely on software to emulate the game. Currently, the US and Japan versions of the PS3 play about 98% of all previous generation 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,”

For all you European PS3 gamers out there, you better not sell off your PS2.

Read (Yahoo! News)

Tags: Business, Hardware, PlayStation 2, PlayStation 3