At its Gamers Day event last week, Sony revealed details regarding the PS3’s ability to download and play PS1 and PS2 games. Initially, games for the original PlayStation will be sold via download and transferred from a PS3 to PSP. However, at launch the PS3 will not be able to play those games, though the functionality is planned. Also: PSP users will be able to directly download PS1 games to the handheld without going through the PS3.
The company also noted that although PS1 and PS2 games will be fully playable on the PS3 (via backwards compatibility), the console will not upscale the resolution or offer any other forms of visual improvements over the original. As for pricing, Sony announced pricing for paid content on the PlayStation Network: all content – be it standalone PS3 games, PS1 games, extra content, or whatever – is likely to top out at $15.