I still wish Nintendo would make a portable system, that would allow downloadble N64 roms, and then played. Because I still would do anything to have Zelda Ocarina of Time on the go. The closest I came to this, so far, was getting a laptop. But I still would like to have it in my pocket.
As far as PS1 games go... I really think almost 80% of the games were horrible. There were only a few selected titles I really enjoyed, compared to the like 80% of titles I enjoyed in the N64.
Personally I think games like Final Fantasy VII, were truly just over rated, and the graphics, were definently nothing to look at.
Don't get me wrong there were some great games for that consul, such as Castle Vania SOTN, Tomb Raider, Crash Bandicute, Final Fantasy Tactics, Breath of Fire III;IV, And a few other great titles, that I'm not going to name ;)
But for the most part, does anyone really want to essentially re buy their games, just to have them play off the memory stick. Unless hackers get around this, it just seems like we would have been better, just buying UMD's for our seperate ps1 games. Because after all those games, did add up in size quite a bit.
Also I still don't believe this is going to be considered emulation. Because they are most likeley going to work with the code, to optomize performances for the PSP, on each game. That is why they didn't have this released by now. "Notice how their only releasing specific games, at launch for download". This is probaly not emulation but more like, psp games on the memory card. Essentially ISO's. But each game is probaly going to have its own loader and everything in PBP format.
Don't expect much out of this in my opinion. The only thing that would make this nice, though is, if this was really a playstation emulator, and not ported games, and there was a way to back up our OWN games and play them. But other than that, it just seems like to me, SONY is just going to make us re buy our games, to make a quick $$