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Even though it's currently only offered in the UK, Sony is offering a program called 'Sony Continous Play' for owners of Sony consoles/handheld.

http://kotaku.com/gaming/do-you-have-protection%3F/sony-valiantly-protecting-british-consoles-271187.php

"If you own a PlayStation 3, chances are you paid a considerable sum of cash for it. As such, that makes it a valuable asset. And what do you do with valuable assets? Yes, grown-ups in the house, you pay considerable sums of cash to ensure they never come to any harm.

Which brings us to SCEE's Continuous Play scheme, whereby British PlayStation owners (PS2, PSP or PS3) can pay a flat monthly sum to ensure that should anything happen to their console (including you putting your foot through it in a fit of rage, as it covers problems or damage), Sony will swing by, pick up the broken unit and get a replacement to you within two working days. And they'll do it as many times as they need to; there's no limit on replacements or extra cost so long as you keep paying your monthly rate.

Protection for your PSP or PlayStation 2 will set you back £2.49 per month, while a PS3 will cost you £4.99 a month. Which works out to be £59.88 a year for your PS3 or £29.88 a year for the other two. A tad pricey, then, but considering you get unlimited replacement consoles if you can afford it, it'd be worth it just for the convenience. Or for the fact you'd have the chance to smash up a PS3 every week and not have to face the horrible consequences."

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http://www.continuousplay.co.uk/Default.aspx

That's the website and below is something taken from the terms of use, which will dispel some people thinking (though it's kind of funny) about taking a PS3 and destroying it every month (a la smashmyxbox/Ipod/PS3/Wii.com type sites) and then sending out for a new one.

"

Replacement of Equipment will not be provided if the Equipment is still covered by any suppliers guarantee or if the claim arises from;

  • The Equipment being recalled by the supplier.
  • Your failure to follow the equipment operating instructions.
  • Use of your Equipment in a non-domestic or commercial environment.
  • Theft, attempted theft, malicious damage or damage caused by fire or explosion.
  • Floods, lightning, storms, frost or other bad weather conditions.
  • Any problem with the supply of electricity.
  • Cosmetic damage such as damage to paintwork or dents or scratches to the Equipment.
  • Any modification or alteration to the Equipment.
  • Any item or accessory which was not included in the original Equipment packaging."

 

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That doesn't sound too bad, though a little pricey, and you can get it after your current warranty with wherever you bought it from is over. I think it's an interesting way to get some money back for Sony, as long as the PS3's quality doesn't take a sudden dive of course, lol.