"Erm, yes it can.
Erm, not it cannot!!
That is the launch 60Gb CECHCxx model which has been withdrawn and is not available for sale.
As I already said....the PS3 currently available on sale today in the UK, the 40Gb CECHGxx, cannot play SACD's.
The new model just seems to be a hard-drive increase, with no added functionality.