You can now run your backuped PS2 games from any region on your PS3 with Emotion Engine aka launch console through Swap Magic 3.6+/3.8 with some files and you can even run the backups through a USB device. This is a step in the right direction at least and now I can at last throw out my modded PS2 and enjoy PS2 games on my PS3 60GB NTSC/U launch console.
More here http://www.ps3hax.net/showthread.php?t=8791
and here http://www.ps3hax.net/showthread.php?t=8861
More here http://www.ps3hax.net/showthread.php?t=8791
and here http://www.ps3hax.net/showthread.php?t=8861