Originally Posted by advocatusdiaboli
Not to my knowledge, but if you have Open PS2 Loader known as ps2 opl you will be able to play games from USB or samba share supposedly.
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open ps2 loader has the same functionality as usb loader advanced where you can back up your ps2 games to a USB hDD but both the loaders are in elf format, so either we need an elf loader or the program would need to be recompiled for the ps3 hack.
by the way i have a japanese 60GB ps3 with the emotion engine so i would get perfect playback.
http://www.ps3hax.net/showthread.php?t=8750