I have some quasi old school news for those that haven't heard. I want to refer all of you to the PS3 game "3D Dot Game Heroes", a self referring old school homage to the original Zelda as well as other old school games. Here's a preview via IGN.
And here's an example of the 3D retro style: 2D sprites in 3D!
The game is listed for a NA release of May 11, but I'm not sure if a PAL release is planned or not. Hopefully!

Also, Turbografx games (though I've no idea how many) have been available on the Japanese PSN for a while now and it looks like Neo Geo games will be joining them. Is this the sign of an emerging answer to the Wii's virtual console? Will this ever leave Japan? I have no idea, but I sure hope so.

CP:
Heavy Rain (Finished my first file, debating whether to start a new one right now or wait)