The emulator is PCSX2 see related links
Be warned it is much easier to just buy a PS2 and it works 100 times better at least
No games are not converted you can convert the platform or PC with emulation, but not the game.No PS2 games are software designed to run in the PS2 and the PC games software is not designed for the PS2s operation or hardware
No it means that the PlayStation network will let you download PS2 software
No you can not, the PS2 does not play computer games
You don't you can not make a PS3 play PS2 games by downloading software Software is designed to make hardware work and the PS3 does not have PS2 hardware it has PS3 hardware and the PS2 software will not work on the PS3
PCSX2 is the PS2 emulator program
There is no software hardware or anything else that will let you play PS2 games on the 40 GB PS3 or any on the other models that also do not play PS2 games
No the PS2 games are not free at the Playstation Store and they are not the original PS2 games but are reworked to Play on PS3 consoles
The PS2 software goes with the hardware on the PS2, the PS2 software can not be put on anything else and still work. What you want is a PS2 emulation and no good working emulation exists for the PS2. The second generation of the PS3 did use a partially software based PS2 emulation that also required hardware. An Emulation does exist for the PS1 and that is why all Sony PS3 models will play PS1 games.
A PS3 that does not play PS2 games can not be made to play them. No updates, software or hardware changes will allow them to play PS2 games.
No the PS22 emulator PCSX2 needs the PS2 BIOS to play the games
You CANT play PS2 games on your PSP. You can however play PS1 games. PS its "custom FIRMWARE instead of Software]
The software is known as a PS2 emulator PCSx2 and it is not easy to run like playing games on the PS2. The links have been added as a guide