Backwards compatibility on the system is awesome. There is so much room for virtual memory cards, and when I'm going to go play a game elsewhere, I can easily copy saves to and from my PS3 to the original PS2 / PS1 memory cards.
You're totally right. And yeah it's quite sad to see how they're taking away more and more features from the PS3. What's next? No more Blu-ray drive, lol?

But really, the november 2006 model (which was only released for NTSC regions

) had the actual Emotion Engine chip inside. The 2007 models use software emulation for the backwards compatibility (not great, but still something) and the current models aren't backwards compatible at all!!!

This is quite annoying, I knew about the card slots but not of the backward compatibility being gone.
Yeah, I went from a Media center, with ALL the "Bells and Whistles" to a stripped down video game console.
I went and bought a 4 gig SD card. And now I have to download it through my computer to my jump drive "THAT I HAD TO GO BUY" , and then download to my PS3
.