MGS4 bundle has software BC (No Emotion Engine chip).
Go here to check if your games are compatible.
http://www.us.playstation.com/Support/CompatibleStatus
BTW, I love my PS3 I got (MGS4 bundle).
Anyone have any luck with calling Paypal and begging for either the $25 off (CRTSY08JLY25) or the 10% (cjulyfun0810p)? I've heard calling works for the $25...