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500GB is going to be very limiting due to mandatory full installs. Next gen games will take up a fair bit of space. I downloaded the digi version of Uncharted 3 and that took over 30gb. I have a 500gb in my PS3 and it's full. I have to remove games each month PS+ is updated.

Just saying - 500gb will bite hard after about 10 games but by then they hopefully update the X1 to allow for external HDD game installs. It's more critical on that system due to mandatory full game installs.