Does the PS3 160 GB have backwards compatibility?

Q: I have heard some people say that the 160 gig has no BC, but I don't think that would make sense since forever the premium package has always had backwards compatibility. So say I have a demand for more storage, but in order to upgrade I'll need to give up BC? Can someone please clear this up?

A: It's just the 40gb model with a 160gb hard drive, just like what they did with the new 80gb model just released. So no backwards compatibility, no card reader, no SACD support and only 2 USB ports.

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