Jason Chen of Gizmodo demonstrates the PlayStation 3’s backwards compatibility function and gives us an extensive walkthrough of its menu interface as well. Videos after the jump.

Eager to find out how the PS3 will play your old PS2 games? Here ya go. Here we take you on a tour of how the PS3 will make a new memory card, how the game loads up, and how you can reassign different SIXAXIS controllers to different “slots” on the virtual PS2

[via Gizmodo]

Backwards Compatibility

Menu Interface