When PlayStation 3 was launched it dumped its traditional backward compatibility support for predecessor consoles. It was a quite a disappointment because both PSOne and PS2 have some of the best games from the last two generations. Sony has been offering HD editions of the games on their online network, but those who own so many PSOne and PS2 games have always wanted to play their favorite games on the newest console. If rumors are true, Sony may be planning on bringing classic titles from last generation consoles on its rumored cloud gaming service.

Last month, rumors started popping on the internet with sources claiming that Sony was cutting a deal with OnLive or Gaikai for online video game streaming service. Although it isn’t confirm which company Sony will partner with, but sources have claimed it’s quite likely that the console manufacturer will establish a streaming service for games.

The news that popped in today suggests that Sony might actually be bringing its entire catalogue of games for its previous two consoles on the streaming service. If the service indeed launches, gamers will get the chance to play their favorite games right from their PlayStation 3 without having a disc at hand or even downloading the game.

The new cloud service is expected to work exactly like OnLive; Sony may even allow the streaming service to introduce an app on their console. The console already allows Valve to publish games on the Playstation 3 using the Steam service. With the new streaming service, Microsoft may find itself in a lot of trouble because it is more inclined towards providing its own services on the console rather than third party services.

An announcement from Sony is expected during this year’s E3 press conference that will start on June 5. Microsoft and Sony are set to take the stage on the same day, so don’t miss out the new announcements that both the companies will be revealing this year. For more news on the cloud gaming service from Sony, keep checking back.

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