“Sony has been investing heavily into Blu-ray product development and was the first company to have a disc recorder on the market. The company had previously hinted that it may use the format in the PS3. Sony’s Blu-ray Disc R&D division chief Kiyoshi Nishitani commented in an interview with Asahi PC magazine in March that the company would like to establish ground in the Blu-ray Disc market by adopting BD-ROMs for its “home video game console.” “
Sony is one of the founding companies of the Blu-ray disc technology, so there is little surprise that they plan on supporting it with their new game console. There is still no word as to whether the “Playstation 3″ will be backwards compatible with PS1 and PS2 games. There is also no official name for their next-gen console.
Read more at Gamespot
Found VIA Engadget