Cost of a current 5 GB/s SSD.
You don't even want to know what the 2TB costs.
I keep seeing this and its absolutely incorrect. Sony held an event on the 20th of Feb. 2013. Almost 10 months to the day the console launched. Dating back to almost November of 2012 Sony gave steady information on what the system would be. They wanted to get the jump on Microsoft, period. Seems we're back to arrogant Sony days. So we'll see how the works for them this time around.
Sony arrogant for releasing a technical video

I've heard it all
Full backwards compatibility is huge though, and since theirs covers basically all of the consoles it makes much easier for someone to drop money for a new console.
Honestly, BC with all previous xboxes was to be expected and im not sure its much of a selling point at this stage.
HDR on all BC games on the other hand. Now that is something to be excited about.
Don't get the backwards compatibility thing. It didn't help last time. Xbox still got **** on.
It's an interesting one. PS3 had PS2 BC, then it got taken off for cost reasons and it hardly did anything to the console.
MS have an entire team dedicated to BC so it must be really important to some I guess.
I think now with consoles being more PC like, BC is definitely needed again because these games should see a boost in performance with new performance modes like with the PS4 pro .
Horizon Zero Dawn is coming to PC so the PS5 would most likely be able to run it in 60 fps, better resolution etc.
PS3 and older games, I would rather remasters.
You get trophy support and better graphics/performance.
Does this mean they gonna beef up PSNow for all the older system bc needs?
PSNow was never something for BC.
It's Sony's version of Stadia, Xcloud and GeForce Now