the 40GB does not play PS2 games but it does play PS1 games. sony is only selling the 40GB now but they are manufacturing the 80GB now as we speak. sony will re-release the 80GB on June 12 and it will be bundled with Metal Gear Solid 4 and a dualshock3 controller. the only difference between the 80GB and the 60GB is the 80GB gets its backwards compatibility via software and the 60GB gets it via hardware