Europes PS3 To Have Limited PS2 Title Support

The news from gamesindustry.biz is that Sony has changed the specification of the PlayStation 3 for Europe, raising converns over the number of PlayStation 2 games that will be compatible with the next-gen machine. They are doing this to cut costs, another poke in the eye to european consumers. Sony have publicly stated that the backwards compatibility is not going to be as good as in the US and Japanese models. My concern here is if they are cutting costs will the units sold here be cheaper than their US and Japanese equivalents ... Somehow I doubt it.