[Update: Sony has confirmed to Dale North that it has the ability to honor your PSN purchases through its cloud service. If it chooses to, it can give you everything back in streaming form. Of course, it's not said it will -- and if it doesn't after saying this, it'll open itself up to major criticism. Gotta hope Sony does the decent thing.
Right now, the line is that Sony remains undecided on the issue.]
In news that is sure to encourage grimacing and facepalming, Sony has confirmed purchases made on the PlayStation Network will not carry over from PS3 to PS4. Same goes for your game saves, too. For Christ's sake, Sony ... you just couldn't resist gunning for some bad PR.
Shuhei Yoshida told a roundtable (including our own Dale North) the PS4's innards are too different from the PS3, and the company is trying to avoid draining the system's power with emulation. Although plans are being looked into to get PS3 games playable in some form on the system, it appears anything you do right now on the PS3 will remain bound there.
Expect PS3 games to be available for streaming on the system at some point in time. Whether we'll be paying for the privilege or not remains to be seen.
So ... great. Just great. Guess it was asking too much to get through the week without something like this.