Kaz Hirai has taken the stage, beginning his speech with "190 million PS2s sold. 2 billion software sales" Hirai then began speaking about PlayStation 3... It features the CELL processor as previously reported, and also features a Blu-Ray Disk drive, running at 6x. Backwards compatibility with both PlayStation and PlayStation 2 games has also just been confirmed. Hirai also stated that PlayStation 3 runs at twice the speed of Xbox 360. The PlayStation 3 console is capable of reaching 10 Terraflops of processing information.