In regards to hardware failure, generally speaking no. While they are electronics and can and do break, the playstations in general have always been way more durable and lasted longer than any other electronic device I've had. Also the Playstation Network is free.
On the software side, that's more personal preference than anything. You'd have to look at games yourself. Also the PSN doesn't have nearly as many indie devs putting games in it's shop. If that's something you're interested in you'd need to check out the XBLA.
On the software side, that's more personal preference than anything. You'd have to look at games yourself. Also the PSN doesn't have nearly as many indie devs putting games in it's shop. If that's something you're interested in you'd need to check out the XBLA.