Sony PlayStation 3 - PS3 video and blu-ray disc

What is Sony PlayStation 3 exactly?

• PlayStation 3, trademarked PLAYSTATION 3 - abbreviated PS3, is the name of Sony's seventh generation era video game console, third in the PlayStation series. It is the successor to PlayStation and PlayStation 2. Sony officially unveiled the PS3 to the public on May 16, 2005 during an E3 conference. It wasn't until E3 2006 that games were shown on actual PlayStation 3 systems. In preparation for launch, Sony demonstrated 27 playable PS3 titles during the Tokyo Game Show in September 2006 on final hardware.
• The Cross Media Bar demonstrated at E3 2006
  The PlayStation 3 version of the Cross Media Bar demonstrated at E3 2006 (video) included options for different user profiles, the ability to explore photos, play music and video movies from the hard drive, compatibility for a USB Keyboard and Mouse, a full Internet browser and a Friends menu.
• PlayStation 3 supported Blu-ray Disc hard media
  A Blu-ray Disc can store substantially more data than the common DVD format, because of the shorter wavelength which allows more information to be stored digitally in the same amount of space. In comparison to HD DVD, which also uses a blue laser, Blu-ray Disc has more information capacity per layer. Sony has released 50 GB recordable Blu-ray Discs and will soon be releasing 50GB Blu-ray Disc media discs.
• PlayStation Portable (PSP) Connectivity
  Sony have also demonstrated the PSP playing back video content, including 1080p content from the PS3 hard disk across a Ad-Hoc wireless network, it's also been rumoured it's capable of playing movies on the PSP, from the PS3's Blu-Ray drive. This featured it referred to as Remote Play.
• PlayStation 3 supported Video and Audio Formats
  PlayStation 3 supports video formats like MPEG-1 , MPEG-2 (PS,TS), H.264/MEPG-4 AVC, MPEG-4 and audio formats like ATRAC (.oma .msa .aa3), AAC (.3gp .mp4), MP3 (.mp3), WAV (.wav). The PS3 also supports images like JPEG, GIF ,PNG ,TIFF formats.