"To use saved data on a PlayStation 2 memory card, you must copy the data onto a virtual memory card within the hard disk. This requires a PS2/PSone memory card adaptor to copy the data to your ...

PS One/ PS2 data will need to be copied onto the PS3's hard drive and onto a "virtual memory card". Data can then be copied back to a solid Memory Card for use on a standard PS One/PS2.

What about the memory card though, are you going to lose all of your saves? Will you be able to use your PS2 card on your PS3?

Wired's Game|Life scored a rare PlayStation 3 memory card adapter (for PS1 and PS2 game saves) and found the subsequent transfer process to be "kludgy" -- the adapter gets the job done, but ...

PS3 Internal Memory Cards for Backwards Compatibility Hands-on We play and save PSone and PS2 titles on Sony's next-gen console.