Dude I'd spend the $150. Even if the price drops to $300 thats still double what it costs to fix it. And you're not going to get a poorly re-furbished console from Sony, it'll work for sure or they wouldn't send it to you. They aren't Microsoft.
The ONLY way I'd say wait till E3 is in case they announce a SLIM PS3 for $300. A slim one might be worth the extra $150 but its not worth it for a regular PS3.







