Playstation Three news and reviews

When they tell your story, what will they say? www.longliveplay.com

And what are the graphics like compared to the Playstation 2.
And what new stuff has the Playstation 3 got that the Playstation 2 hasn't got.

I'm getting a playstation 3 for my christmas (hopefully) and am wondering if it can play playstation 2 games?

Also if it can play normal dvd movies. I know it can play blueray an hd movies but can it play normal movie discs?