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Kantor said:
I hate to be that guy, but this is double the price of Live Gold.

But then if it has all of this content, then it's worth it.

I don't know, $120 is a good amount of money.

* Cloud saving is cool but $9.99 is a lot to ask for

* Cross Game Chat, I personally don't care about but I can see how people could.  The problem with this is that your buddy must have it too, hope the $9.99 per month isn't too much for them!

* PS1/Mini's per month - I would be willing to be the first few months have some decent games and then you get an endless barrage of terrible games or games you would never otherwise pay any amount of money for.

* Insurance -- I would rather read more about this but $120/year for insurance on my PS3?  My immediate instincts tell me that is a TERRIBLE deal.

*GoogleTV - I haven't read much on this but what I have read has told me it's pretty pointless, especially when PS3 users keep telling me they already have Hulu.

*Automatic Updates-- Really cool and nice time saver but not $9.99/month cool

I hate being that guy too but so far it doesn't sound like a deal.  Just go through any other subscription based service or anything else that is $120 and see what you get, those are generally going to be a much better value.  Even all that above together isn't worth $9.99/month.  It's some neat features but nothing I would spend $120 on.