Yesterday we reported that Sony was going to acquire high profile cloud gaming service Gaikai. What wasn’t exactly sure is what they would use this service for exactly. Would it be to stream PC games to the PS3, or to prep for the PS4 and the huge cloud service that it will offer?

We found out today that Sony will use the service to offer PS2 and PS1 games to people. According to sources ” the service will offer first-party games and be open to third-party publishers to sell back catalogue to players.” This falls in line with an internal Sega document from a few years back that had Sony asking Sega if they could make their entire PS2 catalog available digitally.

If Sony is actually able to pull this off, how will it effect the market? Will publishers continue to make HD remakes? How many games will be available upon launch? Will there be any Square Enix or Tales games? Do new adapters of the PS3 really care about playing PS2 games? This brings up too many questions and there aren’t any answers as of right now.