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Dodece said:
Remember the three Rs of environmentalism reduce, reuse, recycle. While reduced power usage is environmentally good. Repair and reuse is more environmentally sound. Remember that recycling old hardware for reuse leaves a smaller carbon footprint in the environment.

Not repairing the unit means it must be properly disposed of that requires energy. The production of a new unit requires energy. More to the point you should have recycled your PS2 out months or years ago. Remember every component that is recycled is less material that must be mined and refined. Had you sold that console that would have been one less console that had to be manufactured.

I don't throw things out when it comes to electronics. If it's something that still works, it's stored. If for any reason I decide to get rid of it, working or not, there are e-waste facilities that recycle components.

If I had thrown out/recycled/sold my PS2 for $20 or whatever the trade in value is, I'd be buying another one in the near future, so it's good that I kept it. It still works. First general rule of any media platform being: have a back up working player. 

A broken PS3 could be sold on Ebay, dismantled and sold as parts, or... kept and used for spare parts or sent in for refurbishing. As long as the service department can fix or replace it, it's still worth more than the handful of cash it would fetch as parts or as a broken console.

Plus, there's always the option of fixing it myself. I've brought back laptops from the dead, and the PS3 is no different. If it's the PSU or MoBo, there are parts on Ebay for those who know how to dismantle and rebuild hardware.