I assume that most of you are aware of the PS3-USB-Swap Magic trick. If not, here is a very quick summary:

If you have a backwards compatible PS3 (FAT model, shipped with 80gb or smaller hard drive typically) then you can use Swap Magic 3.6 or 3.8 to load PS2 games off of an external hard drive. You simply put the disc into your PS3’s optical drive (it loads up as if it were a PS2 game) and then press L1+Up at the menu screen, which brings up another screen, from which you can select which game (stored on your USB external drive) you wish to load.

Okay, so there are two problems with this setup. The first is that this runs games off of a USB hard drive and thus the games run slow. I’ve had a 100% success rate using this method for every game I’ve tried, but most games have terrible load times (and pre-rendered video playback is a joke). This could all be solved by pointing HDLoader to an internal hard drive (at least I suppose this would solve the problem).

Which brings up the second problem, Swap Magic/HDLoader (etc) are all designed to load games on PS2 units; HDLoader has the option to load from an internal hard drive, but it is setup to load form the PS2 internal hard drive, and thus cannot read from the PS3 hard drive.

So here’s my question: why hasn’t the company that made Swap Magic, made a similar disc for the PS3? Simply put, this would be a PS2 “game” which points to the PS3 hard drive. I don’t see why this couldn’t be done. This would allow backward-compatible-PS3 owners to load their PS2 games in much the same way that they currently load PS3 titles via a backup-manager (sorry slim owners, this wouldn’t do you any good).

Until someone figures out a way to emulate PS2 games on CFW PS3, I could see there being a market for such a disc (maybe even a PS1 version as well). Anyone ever heard of such a thing?