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Reasonable said:

His estimate seems to rely to much entirely on other estimates - cost of running PSN, etc. - for my liking to be much use.

Really, this is just a guess.  At best a very losely informed guess.

I'm not saying PSN is profitable or not or how many PSN Plus Sony would need to make it profitable, but this really doesn't shed much light on the situation in my view.

What about HOME transactions?  Where do they figure?  What does PSN generate from transactions?  How much of the costs do they cover?

I'm not sure about the other stuff, but Sony has said Home is quite profitable, they just didn't release numbers. I wouldn't be surprised if Plus started profiting as a whole soon.