These are the Media formats that the PS3 will support when it’s released, however, it may be able to support more in a near future via a firmware update:

VIDEO
• MPEG-1
• MPEG-2 (PS,TS)
• H.264/MEPG-4 AVC
• MPEG-4 SP

MUSIC
• ATRAC (.oma .msa .aa3)
• AAC (.3gp .mp4)
• MP3 (.mp3)
• WAV (.wav)

IMAGES
• JPEG
• GIF

• PNG
• TIFF
• BMP