Sony, like Nintendo, has realised that there is money to be made in the nostalgia market – although nostalgia is not what it used to be. Like Nintendo's NES Classic and SNES Classic, the PlayStation Classic will come packed with a list of beloved hits from the system's original library.
There will be 20 games in all, but Sony only announced five of them: Final Fantasy 7, Jumping Flash, R4: Ridge Racer Type 4, Tekken 3 and Wild Arms.
"All of the pre-loaded games will be playable in their original format", the company said in an announcement post on the PlayStation Blog.
Sony plans to launch the PlayStation Classic worldwide on 3 December which is the 24th anniversary of the PlayStation's release. For those who don't remember, the PS1 debuted in Japan on 3 December 1994, and Sony didn't bring it to Europe until September 1995.
The retro console will retail for $99.99 in the US. 89.99 pounds in the UK, 99.99 euro in Europe and 9,980 yen in Japan. For that price, customers will get the system and two controllers.
The gamepads are full-size replicas of the PS1's original controller, not the DualShock, so they don't include analog sticks or vibration. The gamepads are wired USB devices that plug into the console in the same spot as the original system's controller ports.