The PS4 controller will work on some PS3 games but not all of them and it will most probably not use the touch pad functionality on PS3 games.
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I have my reservations on whether the 500gig drive will be enough as most games will come in at just under the 40gig mark. You will have to upgrade your drive at launch to preempt that usage over time instead of upgrading in 6 month's time and having to go through the schlep of backing up and reformatting.





