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Here is the issue right here plain as can be.

If you do not buy PS+ or Xbox Live what happens?

For a PlayStation owner they do not get exclusive discounts, long term game rentals, or 1 GB cloud memory for saves.

For a 360 owner they do not get accessed to the multi-player sections of their games, do not get access to Netflix, Hulu Plus, no cross game chat, no skype, etc.

PS+ is a wonderful service that adds value onto what is already provided for free on PSN. Live is a bull shit cash in that forces its consumers to pay for a service in order to access significant portions of games they already paid for.

Access to at least 66 games plus additional discounts, automatic updates and cloud storage or cross game chat and better match making.

I think it is pretty obvious PS+ offers a much better value than Live does.