PS2 = $129.99, memory card is $24.99, and controller is $24.99 (all Sony brands) for a grand total of about $180 and all you save is 100 bucks off the PS3. Thats only about 50% of original value which I guess could be worse. I personally wouldnt advise anyone to do this and keep your PS2 unless there really is a title out their right now that you have to get for the PS3. Im not getting rid of my PS2 bc it still has alot of life in it. I got games from the summer/early fall that I put on hold to play FFXII and there's still GoW2 coming out soon.