Just wanted to pass this along here to perhaps clarify some of the finer points of the PS3. Ganked from GAF:
…On the Differences Between the 20 and 60 GB PS3 Models
“The main differences are the 60 GB drive and the 20 GB drive in terms of disc storage. The 20 GB has HD component rather than HDMI. The 60 GB machine has additionally memory card slots on it, which are great for archiving photo and other content. But the 20 GB machine has USB ports so you can get all the functionality with external devices.”
…On Whether the 20 GB PS3 Will Fully Support Blu-Ray
The $599 60 GB PS3 looks different from the $499 20 GB PS3 “That seems to be a misunderstanding and I’m happy to clear that up. Both machines have Blue Ray disc as standard. Both machines play Blue Ray disc movies as standard. Both machines will play Blue Ray disc movies as HD. The only difference is that the high end machine uses a more convenient digital interconnect called HDMI which is a digital standard and the 20 GB unit uses HD component which is an analog standard. The picture quality is fantastic.”
“The end user will not notice any quality difference. Perhaps if you were projecting onto a gi-normous screen you might notice some difference, but also not every HD display has HDMI. So we’re providing a choice to the consumer.”
“Both versions will support 1080p.”
…On Backwards Compatibility
The PS3 will have] almost perfect backwards compatibility. There will be some exceptions, but we believe those will be even less than we saw from PSOne to PS2.“Backwards compatibility, as you know from PlayStation One and PlayStation 2, is a core value of what we believe we should offer. And access to the library of content people have created, bought for themselves, and accumulated over the years is necessary to create a format. PlayStation is a format meaning that it transcends many devices – PSOne, PS2, and now PS3.”
“If the developer wrote the game according to our technical requirements checklist, we will have what we believe will be almost perfect backwards compatibility. There will be some exceptions, there always are, but we believe those will be very few and far between. Even less so than we saw from PSOne to PS2.”
…On the Importance of the PS3’s Hard Drive
The standard hard drive allows for downloadable content, but also better graphics – just look at Heavenly Sword
“We know that the future of gaming is in a network era, and we have to have a writeable format. We have to have a format were users can purchase and download online and the only way to do that is with a hard disc drive.”
“The 60 gig capacity is not only to download but to archive locally. The 60 gig solution will be attractive to users who want to PS3 as their primary music players, like me…And over time, downloading HD content – whether it be TV content, film content – clearly needs a lot of hard drive space.”
…On the PS3’s PSP Support
The 60 GB model will support Memory Sticks, which helps bridge content from the PS3 to the PSP
“With the PSP you’ve seen that, over time, the operating system has been upgraded to include many new features and functionalities and capabilities and we will do the same regarding the PS3. We will see the two devices become much more interoperable both at a media level, allowing content from one to the other, and at the applications level, where games for the PS3 will have a PSP component and vice versa. We demonstrated at the press conference one example of this where the PSP serves as a wing mirror for a driving game, a Formula One game.”
“That was not intended to be a gimmick, but a feature we will add to the PS3 version so that when you play the PS3 version you can gameshare from the PS3 to the PSP the program required to do that. That will be a free of charge component that we ship on the PS3.”
More at Gamepro here:
I would say that the $499 version is the one that most people should focus on. It’s no “retard pack” like the $299 Xbox360 given that it has everything the premium version has.