When the PS3 is out in Europe and Australia this March, the units sold will have no Emotion Engine like the ones sold in Japan and US. Instead Sony will use emulation software to play back PS2 and PS1 games.
Sony is doing this to cut manufacturing costs but also functionality, as the new version will play fewer games developed for the PlayStation and PS2 than the U.S. and Japanese version. This is an utter disgrace especially the unit sold in Europe and Australia is more costly.
It is time to boycott Sony products. Go buy a Nintendo Wii and/or a XBox 360 instead!