Yes, it is. I got one in April and I'm playing Resident Evil 3 on it as I type this. I've also been playing some old Ratchet & Clank PS2 games, it all works fine.
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If you PS3 is not backwards compatible nothing you can do will change that
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.
Only one type is backward compatible with some PlayStation 3, and that is a certain type of 80gb that is no longer in production.:{:{:{:{:{:{:{:{
No it is not Backwards Compatible only the 4 USB port early models were Due to the availability of an extensive line-up of PS3™ system titles, the 160GB PS3™ system is not backwards compatible with PlayStation®2 titles, but does maintain backwards compatibility for some original PlayStation® titles. So, As you can see, No compatiblity for any PlayStation 2 games, Only the original PS system. Which is good for me because I don't have any PS2 games, Only the originals! Awesome!
All of them.