Right, so we know that the PS3 will be backwards compatable for a reasonable bulk of earlier games, and (Unless things have changed and I've not been told) there will be no region encoding when it comes to videogames, although it will be in place for movies.

My question is, how do these two work with each other? Clearly it's possible to buy an EU PS3 and play games out in the US or Japan on it. But, can I play my old PS2 NTSC games on my new PS3? Intuition suggests I should be able to, but I would like confirmation of it, because it will dictate whether I can get a UK iteration or if I want to look to importing.

If anybody can provide information on this, it'd be much appreciated.