Sony Just Made PS1, PS2, PS3, PSP Games On PS5, PS Plus & Future Hardware/Services a Priority.
Sony just made PS1, PS2, PS3 and PSP games a priority on PS5, PS Plus and future. Full backwards compatibility is likely something Sony is planning with the creation of their new game preservation division. A lof of PlayStation fans have felt disappointed with the way Sony has been handling backwards compatibility and their older games. With this move it's clear Sony cares about older games and their game catalog.
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source:https://www.playstationlifestyle.net/2022/04/25/playstation-classics-game-preservation-team-sony-ps3-emulation/
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