By the definition, we are talking about taking 2 or 3 PS2 games, port them over to PS3 due to most owners not having PS2 support and also to have them in HD 720p (which is what GOW Collection was) and with Trophy support. That said, here's what I want:
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Ratchet And Clank Original Series Collection. This would be the original, Going Commando, Up Your Arsenal, Deadlocked (say what you will, it's still acknowledged by Sony and Insomniac as the 4th proper installment), and maybe Size Matters (although it may be removed due to its PSP nature). I never got a chance to play through the first game since it glitched up on me in the early levels. It could be split into two discs/releases. It would also be wise to release the Future trilogy in one 2/3-disc collection - Tools of Destruction, Crack in Time, and possibly a bonus disc featuring PSN title Quest for Booty and bonus videos/content, although QFB may be reduced to a PSN voucher and the third disc may end up being nonexistent.
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Jak and Daxter: The Precursor Trilogy. The first three games. If possible, you could thrown in Jak X: Combat Racing. I still see that, after Uncharted 3, we'll see Nathan Drake venture into his own kart racer but loaded with ATVs instead of karts.
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The Ico Collection. Ico and Shadow of the Colossus. Everything has been said before and nothing needs to be added.
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The Freq Collection. This is "content right hell" due to various music rights and original developer Harmonix is owned by MTV, but I would buy a Blu-ray disc featuring Frequency and Amplitude. Put Backbone on it, since they are familiar with a variant of the original gameplay in creating Rock Band Unplugged for the PSP and Lego Rock Band DS last year. And, as a testament to the formula, Unplugged was the reason I own a PSP, buying it over a month before the game came out.
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Dark Cloud Collection. Dark Cloud 1 and 2. Both are from Level-5, the rising, and some could legitimately debate current, kings in the land of Japanese RPGs. This could sell in Japan very well. Bonus points if Rogue Galaxy is thrown in there somehow.
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Sly Cooper Trilogy. Sly Cooper 1-3. Wanted to get in them, but haven't.
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ATV Offroad Fury Collection. Why not a racing game? And, this has a good pedigree. The first two, and the basis of the first collection, were made by Rainbow Studios, who created Motorcross Madness and later did MX Unleashed and the MX vs ATV series for owners THQ before being reformatted to focus on downloadable games (
although the MX vs ATV team will still make MX vs ATV games). The second collection will focus on the third and fourth installments that were made by Climax Group; the sub-studio Climax Racing that made ATVOF 4 would eventually be bought by Disney, changed their name to Black Rock Studio, and melted peoples' faces off with 2008's Pure and the upcoming Split/Second. It would be nice to revisit the game series these two good racing studios helped make.