Due to the release of PS3, the PS2 is practically dead (ok, rephrase: the Future of PS2 is practically dead), just like how the PSone was when PS2 was released.
HOWEVER, not like you've played any of the great games PS2 offered already.
Yes, they may be old, but heck, they are GREAT!! Who can forget classics like Final Fantasy, God of War, Devil May Cry, and my personal favorite: all of the Ace Combat series.

Unless you are into a race of being the FIRST to play the newest released game on the market, then you can forget PS2.
But if you are here to enjoy good games, get a PS2 (cheaper than a PSP, way greater performance and games than the Portable), and yes, its dirt cheap now with it being on really low demand!!

EDIT: Typo

This post has been edited by Strifer: Nov 13 2007, 11:24 PM