If this turns out to be true (whether it means reduced compatibility with PAL titles or reducing costs via software emulation), then a lot of people are going to stop making fun of my decision to get a Wii last Xmas.
The only thing I'll be missing from the PlayStation 2 universe will be Okami, which seems destined never to be ported to another console (although the Wii would be a natural fit for it).
Maybe I'll pick it up one day, fire up the PS2 one last time just to play it, and then donate the whole bunch (20-odd titles, a couple of controllers and the console) to some charity...
(via pfig, who is even now basking in the glow of his 20-20 hindsight.)