Ken Kutaragi has spelt at the TGS(Tokyo Game Show 2006) that apart from PSOne and PS2 titles to be playable on the PS3 based on the e-distribution initiative, he has also announced that Genesis (Megadrive) software also would be offered. The e-distribution initiative from Sony looks promising
Anyone care to translate the source HERE
This is a good move imo.
Taken from another forum.