In "another reason to recommend Ico and Shadow of the Colossus" news, Ico will support two player local co-op. The mode will unlock once you finish the game, just like it did in the original western release. Shadow of the Colossus remains a single player masterpiece. The Ico and Shadow of the Colossus Collection features two of the most memorable games from the PlayStation 2 era. Both titles have been remastered in HD and they'll also support a 3D display. Do yourself a favor and pick up the bundle when it comes to the PS3 on September 27th.
Thanks for the tip, Psyclops!
Source: Ps3.ign.com