Our friends over at Engadget sat down to talk with SCEA CEO Jack Tretton, who questioned him about things on just about every PS3 owner's mind. Regarding backwards compatibility, Tretton saw the lack of it as a way to cut production costs, and even though implementing BC isn't particularly expensive, the company wants to be "selling PS2 software to PS2 customers, and selling PS3 software to PS3 consumers." He does express some hesitation about this though. "I would like to have had it in there, but Sony's collective strategy determined we could afford to lose it. We've now gone down that road, and we're not going back."

With the new PS Store video service, some were dismayed to find that their video purchases could not be transferred to anything except for their PSP. Tretton feels this is absolutely necessary and that it " is way too hard a business to make money in to allow people to own multiple copies for the price of one." He's "all for allowing an individual consumer having the freedom to do with their content what they want," but Sony has no plans to remove the current restrictions.

As for Home, the problems are arising because of "the disconnect of when Sony took Home out of the creative minds and put it the hands of business minds..." Tretton would rather have Home ready at a much later time with good content, than open it now as "some ghost town." Read the rest of it here.