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All of the above really :D

My main reasons:

Got a good deal in the Summer, €400 with 3 games that I actually wanted
Already owned PS+ so might as well use it, plus get the games
Didn't think it was going to drop in price quickly(it hasn't here!) so why not pay 400 now instead of later
The brand - PS is PS, it will always be awesome(not that MS & Ninty aren't awesome too!)

Also, I don't play as many games as I should, just the annual 'dude-bros' games and ND/R* classics. So why not play them on an upgraded system.