ok first off my ps3 (older version) has the capability to play ps2 and ps1 games without any additional software or limits, all i need is the disk, my ps3 has 2 more usb ports than a new ps3 slim, and has 3 memory card slots for extra capacity, it has a slightly better blue ray lense and the reason for the faster game play is just that, the ps3 old version has a better quality blue ray lense where the slim doesnt meaning it would need less power to run a game but would in a matter of slight difference take longer to run anything in a game that requires alot of the ability of the blue ray, you play a game and like a pc dependent on the graphical applications of the game , the pc will run it as slow or fast as it can, with a better lense i can run higher end games with larger graphical application maxed out (1080p, blue ray and so on) where smaller games because i max out the capability of the blue ray and the graphics applied the game speed would be sacrificed , when i play on pc if i turn up the resolution and crank the graphics and video card as much as i can the game would run slower or faster depending on that. and its not a long wait anyways, that kinda thing is irrelevant when compared to the bonuses i receive for the older version as compared, the only thing that is better about the slim is its storage capacity related to gigs, well 200 gigs is good compared to an 80 gig but they said the hard drive was the same speed and the processor (presumably) would be the same speed, so i would rather have more ports and all my ps 1 and 2 games worth while still, i have 3 memory card slots so i can always buy a memory card for storage and who really needs 200 gigs, i mean yeah you do but i already (like most of you) have a pc, my ps3 doesnt need storage it needs flexibility , with 3 different types of memory cards and 2 more ubs ports that are probably flash drive 2 or higher i can interchange information between my ps3 and pc faster and more efficiently. at least this is the biggest thing i noticed, and while the ps3 slim is quieter nobody seems to realize that the internal heating components on the older versions were louder because they had a bigger job to do...an older version ps3 potentially has to read hardware from 7 different ports, the older version runs 1080 p alittle faster explaining the speed differential with blue ray application and the internal hardware, finally i have noticed the i receive a better signal from my wireless internet ont he older version as compared to the newer version, i think sony cut costs on wireless capability and hardware and quality of blue ray lense for more storage and a bit of a cheaper price, lets not forget the older version playstation was recalled because sony was losing alot of money making something that cost more to manufacture than what you charge for it, i paid 600 for my older version ps3 when just a blue ray alone anywhere was 500 and up and sony blue ray lenses are rated as of date the number one blue ray device anywhere in the world......i think in comparison the newer slims might be smaller and lighter and look all nice, but i have touch sensitive panels and more hardware at a higher quality....i think the choice is obvious....the recalled the old versions for a reason....and trust me i have one, its not cause it sucks or has a problem......