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The 60GB SKU is about the only one worth turning in for a refurb (the Motorstorm and MGS4 SKUs as well), and ONLY if you insist that being able to play PS2 games on your PS3 is an absolute game-breaking, must have feature.

Otherwise, Slim is the way to go.

But everyone has their own preferences. All I know is I turned in my 60GB for a refurb unit (90 day warranty) about a month or two after I had bought a replacement, which promptly became my main PS3. The 60GB unit is now nothing more than another BD player that can be used to play PS2 games as all my main PS3 game saves and game data are on the other PS3 with the 500GB HDD.