Wright said:
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The consequences of doing it would be nothing.
A switch basically cuts off the power cord into 2.
ON= PS3 _____|_______wall It does not matter if its inside the PS3phat or 
VS
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OFF= PS3____ _____wall
Pulling the plug out of the wall does the exact same thing. So this is what you should do. (if you have an extension use it instead)
Do not pull the plug out of the console tho there is the possibility of damaging it. (part of the cable still having contact the other part not etc... This probably wont happen but dont try it








