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No. I think XBox Live Gold is a complete and utter rip off. They aren't doing anything that others do for free. PSN provides the same basic services, all for free. I will say that XBox Live is currently much more mature than PSN, and as a result, provides a much better overall experience. Hopefully the PSN will get some updates to get it on par with XBox Live (in game XMB to keep tabs on friends would be a good start).

Edit:  My opinions would probably be different if Microsoft actually hosted the games, but they don't.