Re: Pwned? This is great!
The ps4 always ran ps4 games. Now a hacked ps4 will happily run repackaged ps2 games, and pretty much all the older generation console's with emulators games too, since the homebrew scene has been busy porting them to it.
Honorable mention to the ps3, which has also been heavily cracked and modified cfw's to cover a lot more models, so you don't need a original phat now to play with them.
For me console's come of age when I can hook up a external drive, put all the games I own on that, and play them without having to get up to swap discs.