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I bought my PS3 for $700, I think that's 500 euros? and it's defintiely worth every penny.

B/C with PS2/PS1, wifi, blu-ray, 60GB, amazing PS3/PSN games, rechargable controller, free online, very reliable, has that big Sony stamp of approval on it and a black shiny shell with chrome trim!

This beast is worth atleast a $1000! let alone $400