If people are seriously expecting Disc BC from Sony for anything but PS4 games than they are in for a disappointment. There is no way Sony would just make that happen. They have no reason other than goodwill. They can sell that stuff on PSN if they need to or ignore it completely. The only BC we are going to get is PS4 because they want to build the foundation for a Playstation eco system and platform.
I would love to pop in Silent Hill 2 into my PS5 and I would pay up to a 1000 bucks to do that, but It's not gonna happen. The Sony of the PS4 era has shown that they don't care about BC to older games. Just look at the pathetic collection of PS2 games and the lack of PS1 games that are sold through the store. They will have PS4 BC to lock this gens consumers down but there is no benefit from having teams work on emulators for all the other systems since they don't expect customers from that. Also, isn't licencing those old games a real bitch, like Square expecting their games to be more expensive than the rest?
Here is my prediction:
PS5 announced, Cerny talks about generations and drops the bomb, you can play all your PS4 games on PS5 and they run (marginally) better and there will be PS5 patches for the final bunch of PS4 exclusives. Shows some screens or even videos of PS5 enhancements and yadda yadda yadda. No word of last last gen games until the journalists pester them. They will give a bullshit excuse like: "We are always listening to feedback and working towards establishing a Playstation experience that suits all of our fans."
Cue Microsoft conference. In an attempts to mock Sony, MS releases a video akin to the old "Playstation Used Games Instruction" video called, this is how you play ALL your old games on Xbox --> video of Phil popping in Halo 1 into the Xbox Infinity.
I don't think xbox under Phil will mock Sony, Phil has had a friendly attitude towards Sony and Nintendo this gen, he's even mentioned them several times on conferences and interviews.
Also MS have had opportunities to mock Sony this gen with BC and cross play but they didn't.
The strategy at MS seems to be inclusive and non judgementle.
I don't know if Sony are still in the more cutthroat and they have to "beat" the competition PR stance.