It happened years ago, when Sony yanked the EE chip out of the PS3 and introduced a cheaper software-driven alternative. Here's what Sony said about its PS2 software emulator , when the company introduced an 80GB PS3 (to supplant the 60GB model) absent the Emotion Engine chip.
We're suspect that Sony isn't too pleased about the new MediaPlayer from GameShark which turns the PlayStation 2 into a digital media adapter. The MediaPlayer lets the PlayStation 2 stream audio and video files (including MPEG-1, 2, and 4, DivX, WMV, MP3, and Ogg Vorbis) from a PC over a home network using the PS2 network adapter and a spare memory card. It isn't actually a gadget, it's a software program that comes on two disks, one for your PC and one for your PS2. You just install the software to each (storing the PS2 software on a memory card), and you're good to go.
Despite the fact that the PS2 saw a , Michael Pachter is claiming that the system is nearing the point of complete insignificance. In Wedbush's "2009 Interactive Industry Report," explains that he expects "PS2 software sales to decline sufficiently (around 64%) to be almost irrelevant to overall software sales growth, with PS2 software comprising less than 4% of overall software sales in 2009."
Sony's probably not ready to give up on its most cost-efficient console, but as history has proven, nothing gold can stay in the fast-paced, constantly evolving world of video gaming hardware.
Sony has repeatedly stated that PS2 software would run on the PS3 through software emulation, leaving many to believe that the company had developed a powerful emulator for the older hardware. This would have been a particularly impressive feat, considering that even the PlayStation 2 originally used a combination of hardware and software to maintain backwards compatibility with original generation PlayStation games.