PS3 on sale cheap
It is a fantastic gaming machine with tons of great, cheap games. It functions as a Blu-Ray player, Netflix Streaming, HBO Go, and You Tube machine. You can store all your music on it and use it as a jukebox. You can stream media from your computer onto it...It's a wonderful piece of hardware that has developed over time.
Eventually, my original 60 GB monster, is going to die. It'll be a very sad day for me, but I'll happily buy another PS3 because I have no intention of giving up my massive collection of games (most are digital thankfully). Even though I have moved on to PS4, my most anticipated title is coming in 2015, as a PS3 exclusive! (Persona 5)
I would say this is the last strong year for the PS3, as most studios will move onto PS4 projects exclusively. Next year should also see the last of the cross generational titles.
For $200-300 you can get a whole lot of entertainment on PS3.
I am of the school of thought that if you like to try out different types of games and enjoy having a digital collection, then PS+ is a great deal. I have had it since day one and have taken advantage of a lot of great sales to get games like GTA IV or Red Dead Redemption for like 5 bucks. You get games like Bioshock Infinite, Tomb Raider, and Uncharted 3 from the IGC. It's $50 for the subscription, but add in like $50-100 to take advantage of sales and you can get yourself a huge collection fast.