My experiences go the other way round but I think they still apply: PS3 games from any region work on any console even on a standar definition TV. Problems might come up if you try playing PS1 games from another region on an old TV - for me that resulted in colorless image output, but playable.
I rememebr that a few 1st gen PS3 PAL games require a HDTV to play, but I think that all PS3 games support 480i now. PAL PSone games will not work on a NTSC PS3, so you will probably have to purchase a NTSC version. Not really Sure about PS2 games though.
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