No, the 60 gig version has/had the emotion engine chip which allowed full BC, the 80 gig uses software emulation to allow play of about 80% of PS2 games. The way I look at it, once you start playing PS3 games in HD, you won't want to play PS2 games anymore, and for the price difference between the 40 and 80 gig versions, you can just keep your PS2 to play PS2 games on it. Besides, if you need more HDD space, they are easy to upgrade, or you can add an external drive. But yes, you should get one if you can find one, since you never know what the future holds.