It could be an attractive option for many people depending on the price. The bad part is just like phones or cable, you're stuck with services or equipment you don't want but have to pay for. The 360 contract plan was actually a good deal when you factored in the extended warranty, but if you don't give a crap about extended warranties, then it would seem less like a good deal. So it depends on whether Sony would go a similar route as MS, charge an upfront small fee and then after all is said and done you pay a reasonable amount... or if they go Rent-A-Center or other rent to own businesses route and for a $500 console you end up paying $1800. **** that.
And btw MS still does that contract thing, you can do it at Gamestop. I think they have even added a 250GB non-Kinect option.
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