COL Hold onto those old PlayStation games. Sony has confirmed the upcoming PlayStation 3 will be backward compatible with both the PS2 and PS1. This move means the PS3 can play literally hundreds of games upon release.

Xbox fans will soon be committing as many fictional felonies as their PlayStation pals. The blockbuster Grand Theft Auto series is coming to the Xbox in November. "Grand Theft Auto III" and "Grand Theft Auto: Vice City" will be sold together as a $50 package.

Watch now as the rich become richer. Larry Probst, chief executive officer of leading game publisher Electronic Arts, has sold enough company stock in the last three months to net himself about $15 million. EA stock trades for about $85 a share.

A government snafu has allowed Xbox fans a sneak peak at an upcoming wireless adapter. The Federal Communications Commission mistakenly made some information about the device public. The adapter, to be sold this winter, is for use with home wireless networks.

You can't keep a good rumor down. Hideo Kojima, director of the upcoming "Metal Gear Solid 3," said this installment will be the last one he helms. Franchise followers might recall Kojima said the same thing about the previous installment -- but apparently he means it this time.

Digital Watch is a weekly feature that relays news from the video game industry. Items presented here are gathered by the writers of Digital Playground.

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