^^
Yes it does play on older TVs, but people think that\'s an excuse not to get a PS3 is because they think they need a new TV for some reason. No, it won\'t be HD, but yes...you can still play the games. Xbox 360 also plays games in HD. I don\'t see people making that excuse for it.
Of course...Blu-ray is pointless without an HDTV, but the console shouldn\'t be the thing to blame because you don\'t have an HDTV yet.