Based on what I've read, i have no reason to believe that this emulation will work with discs, only with downloaded games, and, even then, no guarantee that the PS3 digital games would work - I bet they wouldn't, due to the coding for the Cell.

I hopeI am wrong.

PlayStation now is a nice substitute for Backwards Compatibility but, it's not a replacement for having a PS3. Like MarcRecon said, if you have a PS3 library (or are looking to build one), the only sure-fire way to enjoy it is to have a PS3.

I have some reservations about the internal memory (one or the other), as well as the performance of the new LCD screen, so, I'm likely to buy another "old" Vita if I ever need a replacement.

I am, however, very curious if we will see another shift in the memory cards. Likely, we're looking at a shift down, where the 4gb card is phased out, and the price drop comes in the form of larger cards taking up the old pricing of there smaller brothers, which would put the 64gb card at around $80 USD. Not ideal, but, workable.

They have stated that all the DLC is included. Also read this morning that it's confirmed full 1080p at 60fps, which, given the pace of the game, sounds wonderful.