The PS2 is hackable/moddable because it is relatively easy to hack. Remember, the PS3 has 1 of its 8 total cores DEDICATED to security and OS (operating system).
EDIT:
Oh yeah, if you are getting a brand new PS3 (bought from stores after September 2008), it can't play PS2 games at all, backup or original.
The only models that play PS2 games are:
20GB-Discontinued, all PS2 games
60GB-Discontinued, all PS2 games
Old 80GB-Discontinued, 80% of PS2 games
The following DO NOT:
40GB-Discontinued
New 80GB-in stores
160GB-in stores
All PS3's play PSone games.
An easy way to tell if a PS3 will play PS2 games
4USB ports=YES
2USB ports=NO
The reason is that the cost of putting the PS2 chip
and the PS2 graphics card in the PS3 was VERY expensive,
and as the PS2 only has about a year left (before it is
discontinued), Sony saw no reason to lose even more
money than they already are losing on the PS3, and
hence there is no backwards compatibility on PS3's today.
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