YAY....

This sounds good for previous PSP owners who had purchased all those PSP games already. It would suck to not be able to play them on the Vita; with two joysticks, I'm sure it would make pretty much any game feel a lot better. However, I never had a PSP, so I'm hoping they're gonna have downloads of some good PSP games so I can get to play them, too. Actually, this is my first handheld since the Gameboy SP. I can't wait for this.

If the PSV doesn't have backwards compatibility, can't say that it will affect me. However, I know that a lot of people would want backwards compatibility. All I know is I want a US release date. Uncharted Golden Abyss has been haunting my dreams and I would like to play it as soon a humanly possible.

Gotta see it to believe it, they already screwed us over with the PSPgo. I ended up just looking for my old PSP again.

I don't care to much about playing psp games on the Vita BUT I will say that Sony should do the right thing and have backwards compatibility. people who actually spent alot of money on games (im not one of them) should get to play them on there new system.

I really dont care much if its backward compatibility or not I just want to be able to play games that doesnt involve me having to download off the psn store (since I dont have internet)

The idea that a system would be released without backwards-compatibility is ridiculous. Thats how I always convinced my parents to buy me new consoles back in the day. What will the children of today do?

Most psp owners hacked and downloaded the games for free anyway, so only the actual umd owners will lose out.

The combination of Vita/PS3 will be the cutting-edge of video gaming, but sadly I won't be able to afford it all on day 1 (still don't have a PS3).  I do have a modest PSP back catalog though so if I could take those games with me into a new handheld then I'd certainly try justifying the cost a little sooner than later. This is good news.

i read this on kotaku and he says something about letting players do this for a 'special price'

That would be a nice perk, not that there are too many of them worth playing. But how much is it going to cost? That's the thing. The original price of the system wasn't terrible thanks to Nintendo's overestimation. If they go too far they're going to be shooting themselves again. Backwards compatibility, considering the plight of the PSP, isn't worth that much to me.

Fool me once shame on you, fool me twice....you can't get fooled again!

IF it has backwards compatibility for all my UMDs in some way, I will buy one at launch and pass my PSP on to my nephew.

If not, I'll wait for a price drop.

Nintendo makes a killing on anything backwards compatible. Should be a good step for Sony to do the same.

I think they should release more psp games for download and lower the price of all psp games. That would give current owners incentive to buy the game again for the vita even if they own a hard copy.

Please, let this be true! I would love to play Birth By Sleep on that beautiful screen.

I never understood why backwards compatibility was such a big draw, if I wanna play a psp game I will use my psp just as I still play nes games on my nes.

They best "go 'head on" and do it right this time. This may be a deciding factor in whether or not I get the PSV. That is to say, if it is compatible, I'll definitely get it.

That's good, especially since I came into the PSP late.

I hope that takes place.  Because it's going to be next to impossible at this point for me to upgrade into the NGP with how the pricing and spec's are shaping up.  It's very lackluster and having PSP support will be a very needed feature.