PlayStation 4 is not backwards-compatible in the strictest sense of the term, but it's just received a huge influx of PS3 games. PlayStation Now, Sony's highly anticipated game streaming service, is now in open beta on the PS4, offering instant PS3 game rentals.
Sony made the announcement on the official PlayStation blog that PlayStation Now is officially in open beta as of today (July 31). The program has been in closed beta since January, and Tom's Guide's first look at it was decidedly a mixed bag.
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PlayStation Now is a very simple concept: rent streaming PS3 games for time periods ranging from four hours to 90 days. When the program reaches full release, gamers will be able to access these games on PS3s, PS4s, PS Vitas and select Sony TVs. For now, though, the open beta is limited to PS4.
Although the full PlayStation Now library is not yet available, more than 100 games are, ranging from the zany open-world Saints Row: The Third, to the retro side-scroller Guacamelee!, to the erotic puzzle game Catherine. Sony has not said much about whether PS1 or PS2 games will eventually make their way to the service as well.
Pricing is also still in an experimental stage, as it costs $3 to rent a game for four hours, $6 for seven days, $8 for 30 days and $15 for 90 days. Sony has already stated that the four-hour rental price will drop to $2 within the next few weeks.
Tom's Guide will get some hands-on time with PlayStation Now to evaluate how well it runs. In the meantime, if you want to try it out for yourself, just boot up your PS4 and check the PlayStation Now section of the PlayStation Store.