Yes it will play DVDs besides playing Blue-ray Discs. It will also play CDs.
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Yes.
Yes, a Playstation 3 can play a regular DVD. All Playstations can play regular DVDs.
There are a number of video game consoles on the market today that are capable of playing dvds. The Xbox, Xbox360, PlayStation 2, and PlayStation 3 are all able to play standard DVD's.
You can not play PlayStation 3 games on a PlayStation 1, but you can play PlayStation 1 games on a PlayStation 3. All of the PlayStation consoles are backwards compatible.
The Sony PlayStation entertainment system lacks a DVD drive, so no, DVDs cannot be played, regardless of their region code. However, if you possess a PlayStation 2 or PlayStation 3 designed to NTSC U/C (United States/Canada) games, it will be capable of playing back Region 1 DVDs. These models typically have a model number ending in 1 (eg. SCPH-50001).