Being the PS3 games are not region coded, does this mean PS3 can play PS1 and PS2 games from anywhere in the world?
No. PS1 and PS2 games are still subject to the same region codes as found on the original PS1 and PS2 systems. Q: Will the PS3 be compatible with ALL PS1/PS2 games? A: No. If you live in the US, you can check out individual titles here: http://www.us.playstation.com/Support/CompatibleStatus European and Australian users can check them out here: http://faq.eu.playstation.com/bc/ Q: I heard that the European PS3, and the new US/Japan models won’t play PS1/PS2 games at all! Is this true? A: No. What happened is that Sony announced, that they’re redesigning the PS3, removing some PS2 components. Instead of using hardware emulation to play PS1 and PS2 games, the PS3 will now use software emulation. In the announcement, Sony mentioned that this might affect the number of compatible games, and that Sony didn’t put as much focus on backwards compability. Some parts of the internet community read this as Sony gave up on supporting PS1 and PS2 games on the PS3, which isn’t true. Q: Is there achi