The RROD was a complete loss of console functionality, not just the online. On the other hand it only happened to some 360 owners, and it didn't cause loss of personal data.
So there you go, in some ways RROD was worse, in other ways the hacked PSN is worse.
Amazingly, from the financial perspective they may be close in the end, the PSN outage may be even worse considering the anti-fraud insurance Sony will have to buy for many PSN users (plus lost PSN revenue, possible lawsuits, money being spent on security firms probably working overtime, etc...).
My Mario Kart Wii friend code: 2707-1866-0957







