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The PlayStation 3 (PS3) will be Sony's seventh generation era video game console in the PlayStation series. It is the successor to the PlayStation 2 and will mainly compete against Nintendo's Wii and Microsoft's Xbox 360. Sony has announced that the PS3 will be backward compatible with PS1 and PS2 games that meet Sony's TRC (Technical Requirements Checklist)[2]. The PS3 will be released on November 11, 2006 in Japan and November 17, 2006 in the rest of the world, and will ship in two initial configurations. Sony has announced that stores will be allowed to preorder systems starting May 25, 2006, and these stores should start to accept deposits for the Playstation 3 soon after.The PS3 was officially unveiled on May 16, 2005 by Sony during an E3 conference, where the console was first shown to the public.
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