It may look like a large clumsy brick, it may sound like a Boeing 767, it may be fragile and possibly scratch your games, but will now play Divx, VCD, MP3 and many other formats: http://zdnet.com.com/2100-1104-935180.html
It was only a matter of time before this happened, I wonder if Sony will work on a PS2 equivalent now the cat is out of the bag.

http://zdnet.com.com/2100-1104-935180.html