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Deuce
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Did they mention anything about being able to play older generation games like PS2, PS3, etc?
Is Ace the only one privvy to this information? He is apparently the gamer deep throat.

Did they mention anything about being able to play older generation games like PS2, PS3, etc?
No backwards compatibility.
In January 2014, their streaming service provided by Gaikai will allow you to stream old games as and play them. They are going to give you access to games all the way back to PS1.
So your PS3 games are coasters in January.
Yup.
I usually trade my old consoles in in order to get some money for the new one, but the PS3 has a number of games I want to be able to play and it will also serve as a nice blu-ray player for my bedroom, therefore I'm going to keep it.
No backwards compatibility.
In January 2014, their streaming service provided by Gaikai will allow you to stream old games as and play them. They are going to give you access to games all the way back to PS1.
Can you explain this?
So what, do I have to subscribe to Gaikai and pay a fee? Or is this something I can access for free if I own the old games? How do you mean I can "stream old games"? Does that mean stream them from a PS3 I own to the PS4? Or stream them from a sony server to my PS4? Seems like that would require a lot of bandwidth to stream a game like Uncharted 3 and have it maintain a good response time.
When you play a multiplayer game, your local hardware is doing most of the legwork in terms of drawing everything, because all the data on what to draw is stored locally. The information that is being shared, to my knowledge, is rather minimal in comparison, like positions of other players. If you are "streaming" an entire game where no data is stored locally, that would be a shitload of information having to pass over the network.
Yup.
I usually trade my old consoles in in order to get some money for the new one, but the PS3 has a number of games I want to be able to play and it will also serve as a nice blu-ray player for my bedroom, therefore I'm going to keep it.
Well, I wish I could explain it but Sony hasn't made everything clear.
Basically, Gaikai will be the guys behind providing the streaming and downloading. You can stream old games or download them and keep them on the hard drive. Sony says that if you download a game, you'll be able to play it as it's downloading which is cool, but not new to PC gamers.
They will make almost all of their Playstation library, dating all the way back to PS1, available via this service.
Those are all the details available at the moment.
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Sounds like this service might be similar. Once I "own" Uncharted 3, I can probably download it to any PSN device that will run it. It is linked to my account so I can play it on any device where it is downloaded and where I'm logged in.
It would be nice if they did not force you to re-buy it. I should be able to enter a UPC code from the hard copy I have and that should be good enough, but I bet they do make you pay for the digital version. Going forward, though, I bet you can buy games digitally and then they will always be unlocked in that service going forward.... across the PS5, PS6, etc.