Playstation 4 Breaking News!

Today I read that the new PlayStation four will not be backwards compatible or be able to use used games?? Wait what? So the new PlayStation four won't offer software for previous PlayStation? That is really messed up, all the money you spend on Ps3 will be all useless then. Hopefully they will do something about this because I am sure the Xbox 720 you will be able to play xbox 360 games on it. So anyways what do you guys think about this?