Yep...IMHO that was a big feature missing at launch.
The PS3 is still too expensive for me to go out and pick one up just yet, but I'll be pretty tempted to get one whenever I get an HDTV. (My old standard definition 36" Toshiba still works fine after 12 years of use and I just can't see replacing a TV that still works well, but I'll be all over a 50" plasma whenever it finally dies.)
With the ps3 update 1.8, you can upcale dvds, and old games to hd resolutions. Yipee!

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