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The $700 PS5 Pro doesn’t come with a disc drive
(www.theverge.com)
This is a most excellent place for technology news and articles.
To be fair, PS2 emulation is still not that great, but I guess it's due to sheer amount of games for that system. Last summer I decided to check the PS2 emulation after 10 year break and 2 out of 3 games I tested didn't work properly. Granted, those are kinda niche games (Transformers (2004) and Free Running), but compatibility still needs work. Hardware requirements are decently low for the games that do work, though.