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If PS+ offered enough games that I didn't already have, that I want I would consider it. But most of the games they offer for free that meet that criteria come few and far between. If I was in Highschool though I would get it. It would be a good way to constantly have new games at a cheap price. (When I was younger, I was a lot less picky at what I played.)

For XBOX Live, the ability to play online with my old friends, in my hometown, is worth it. They all have a 360, so it's the only choice for me.