Playstation 2, or for short, PS2.
In Japan, the official launch date is Saturday, March 4, 2000.
The specific official North American launch date has not yet been announced, but it will might be around September the 30th.
SCEI has announced the price of the Playstation 2 in Japan--and in Japan only--at 39,800 yen(about $360-$370).SCEA has not annouced a US price. But it is sure to announce the PS2 at a reasonable price, probably $299, we suspect. After all, that is what the original PlayStation was first priced at in 1995. But, again, SCEA has not announced a price yet.
Will it be backward compatible with all older PlayStation games?
Yes, the PlayStation 2 will be able to play original PlayStation games. Because the system's I/O (input/output) processor is essentially the core (main processor) of the original PlayStation, the system will use this processor to insure backward compatibility with all existing PlayStation games. Sony will most likely continue to institute the territorial lockout to make sure that only US PlayStation 2s play original US PlayStation games.
Answers to questions as to whether or not the PlayStation 2 will "enhance" original games with effects like a high-resolution mode and texture filtering has been answered. Sony has said that the system will not enhance PlayStation games, but rather play them in their original look, speed and context.
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