ok well all ps3 systems play ps1 games (about 95% of the games are compatible) so your good for that one. as for ps2 games, you need a backwards compatible system. if your looking for 60GB and a backwards compatible system, you will not find it for 300. backwards compatible systems will have 4 usb slots. i have the 80GB backwards compatible system and i never play ps2 games. too many good ps3 games. save up a bit more money and buy a used one. check out craigslist.com or usedeverywhere.com there are always a lot of consoles for sale.