Post your current firmware and exact model. If you are using any firmware above 3.55, you will need a E3 Flasher and disassemble your ps3.
* Play PS2 games: Slims has no backwards compatibility. It will depend on software emulation and many games run with glitches (or doesn´t run). PS1 games works fine
* Play emulators: with a 3.55 CFW, will be able to use any emulator you want
* Do cool stuff: Is a personal matter. You can do lots of cool stuff with a CFW
* Play backups so I don't get robbed blind by Sony(...): Piracy is not a good reason imho. But yes, you can download games instead of buying
Last edited by LoboGuara; 08-26-2012 at 01:07 AM.