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from earlier today, a member of NeoGAF known as mephesta [Register or Login to view links]
he was told by a Sony rep that they may be eventually be putting out a PS2 emulator for the PlayStation 3 console.
Apparently, as the PS2 has about one year left on its life cycle, we shouldn't expect Sony to develop anything new with regards to backwards compatibility.. and they will just go out and get a PS2 emulator to put in future consoles.
To quote: The rumor comes from NeoGAF member Meph who recounts what was told to him by a Sony representative (openly described as a 'tool'). The story goes that Sony might be willing to buy a PlayStation 2 emulator for the future.
"He mentioned that since the PS2 has just 1 year left on its life-cycle not to expect them to develop anything new with regards to backwards compatibility," says Meph.
"He then leans in and lowers his voice, as if to tell me some deep dark secret and mentions that Sony may be willing to potentially buy a PS2 emulator to put in future consoles."