The Blu-ray disc association have settled on the codec it's going to use to display 3D Blu-ray, and with it comes great news for PS3 owners.
The codec agreed upon will be Multiview Video Coding, which will only need 50% more storage space per film over 2D, despite offering dual 1080p frames. All new 3D discs are going to be backwards compatible too, meaning the 2D versions of each film will be viewable on older hardware with the new 3D discs.
PS3 owners rejoice! Your PS3 WILL be fully compatible with the new 3D format. You'll still need a new 3D-capable TV with IR emitters and a set of 3D shutter shades, but at least PS3 owners wont have to upgrade to a pricey new blu-ray player.
Via: Engadget HD

The codec agreed upon will be Multiview Video Coding, which will only need 50% more storage space per film over 2D, despite offering dual 1080p frames. All new 3D discs are going to be backwards compatible too, meaning the 2D versions of each film will be viewable on older hardware with the new 3D discs.