PS3 questions.

Thinking of getting a ps3 soon as i have the dosh,but i would like the answers to a few questions from those of you that have the system or from those in the know.
1.Does it play dvd+/- RW ect...?
2.Will it improve the quality of dvds?
3.How much of a difference will blu-ray make on a normal tv-420i?
4.How many ps2 games wont it play(you people in america and japan are lucky)
5.Whats the ****** difference in quality between HDMI & Component?
 

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