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I think it depends really on what happens next. PSN being down for a week is now small fish in comparison to the data theft issue. If whoever stole our details starts passing them around then some serious shit could hit the fan.

Some people have mentioned above or indicated it is no big deal, just change your password right? But what about all your other details? Your name, address, your date of birth, your billing address and so on. You can't change those things so easily. And that information can be used by these thieves to really ruin your day if they want to. But it isn't just about that. It is about many other things such as what info did they get about you that Sony didn't want to tell you that they were collecting? An interesting article about it just came up on Digital Foundary here http://www.eurogamer.net/articles/digitalfoundry-psn-security-scandal

As a whole this is far worse then simple hardware failure. If your console blows up it is dealt with by you and whoever you speak to at customer services. Nobody else is aware of it. Sucks that you can't play your console for a week but it will be back and none of your financial details/personal details will fall into evil hands who would use it to defraud you.

For gamers on this site naturally they will choose the rrod. But i imagine if they then look at their debit card history and found some guy in outa mongolia withdrew your £5000 from your bank and your bank won't return it then i imagine they won't be saying the rrod anymore.

But for normal people who don't visit this website or have no real affection for Sony/Microsoft will read the news reports or watch the tv and see the damning reporting. They will be aware of what happened and naturally be cautious about it. Most normal people will always rank theft as a worse crime to hardware failure.