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I hate to be that guy but....I didn't even go for the free month of PS Plus that they offered when the PSN came back. I have a decent collection of games and probably spend more on DLC and downloadable games but I've been unable to find anything that the PS+ service offered for me. Maybe God of War Collection before I bought the disc, but that's it.

Of course, Me=/=Everyone. I'm sure there are people out there that have really enjoyed the service and more than got their money's worth. For me, it's just like when Gamestop sells games for dirt cheap because they weren't selling, anyway. If I wasn't interested before, I'm still not going to be interested just because the price dropped.If Sony did this: Offer some sort of voucher for $2-$5 towards the purchase of ANY game, I'd jump on it.

And don't take this as the ramblings of a Sony hater (defense mode activated). The day the PSN came back up, I downloaded Dead Nation, Wipe Out HD, and spent $50+ of my own money downloading all of the DLC for PAIN. PS+ looks pretty compelling based on the argument presented in the OP. In practice, it hasn't won me over, yet.