Backwards compatibility coming to PS3?

One of the biggest criticisms that Sony receives about its PlayStation 3 console is the decision it made to remove backwards compatibility from its hardware. While early adopters benefited from being able to play PlayStation 2 titles on the PS3, new owners aren’t given that luxury.

However, today, Siliconera noticed that Sony Japan has filed a patent that shows schematics and designs for an external device that would allow for PS2 titles to be played with the PS3. The external device would be a standalone DVD drive with the emulation software and everything. Sadly, how cost effective can this honestly be? Who is going to pay any more than $40-50 for this add-on and would that be enough to justify the development costs as well?

Here is an image of the device below.

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