PS3’s rumored Cloud deal to offer PS2, PSOne titles?

GI is reporting that the rumored cloud gaming service deal between Sony and Gaikai will allow users to stream PlayStation 2 and PSOne content to their PlayStation 3.

Sources claim that the service will make available first-party games and will also give third-party developers the opportunity to sell their old titles to gamers via a streaming solution.

Of course, early adopters of PS3 will know that the console was originally backwards compatible with PS2 and PSOne software upon release. However, PS2 support was subsequently canned after the machine was redesigned under the ‘PS3 Slim’ branding.

Gaikai boasts an extensive line-up of PC titles available for its service, having partnered with the likes of Capcom, Electronic Arts and Ubisoft. Furthermore, the David Perry-fronted company has also extended its reach to retailers including GAME and Best Buy, plus services including YouTube and LG.

Sony’s deal with Gaikai is supposedly going to be announced during the hardware manufacturer’s E3 press conference on Monday.

Stay tuned to for all the latest details as we get them.