Europe can't be happy. And with good reason. Less than a month before the release of the PlayStation 3 across the Atlantic, Sony has announced that Europeans will be getting a watered-down version of the PS3.
The PS3-Euro (that's not the official name, by the way) will be missing the Emotion Engine, the chip behind the PlayStation 2. Experts anticipate that this move will help Sony cut prices in the long term. Of course, this means that backward compatibility will be suckier on these machines than on the PS3s sold in the US and Japan because it will have to be done through software emulation.
According to Sony, more than 1,000 PS2 titles will be playable at launch, and the company will be releasing regular PS3 firmware updates that will consistently add to that number. Unfortunately, there's no mention of what those 1,000 titles will be, and the site that will be listing those games doesn't go live till March 23. Which, of course, is the day the console will be releasing.