The PS3 has now received a new update, optimizing compatibility for unspecified PlayStation 2 titles. If you read Japanese, here's the full fix list...
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by Rainier on Feb. 2, 2007 @ 10:43 a.m. PST
At the heart of PS3 is the Cell Broadband Engine, one of the most advanced computer processors in the world, that enables massive floating point calculation, and Blu-ray Disc (BD) drive, providing a High Definition (1080p) next-generation gaming and movie experience in the home, as well as up to 50 GB of data capacity.