The Playstation 3 60gb FAT is an excellent console choice with stunning visuals and graphics.
It is backwards compatable and will play most of your old Ps2 and Ps1 games, a feature which was
discontinued when the Ps3 Slim was released. You can play Music on Ps3 be it stored on the system via Mp3 upload through one of its 4 USB ports or you can play CD's on it as well even iPods though the storage media option. It will of course play Blu Rays and DVD's it will also upscale your DVD's to improve quality of the film you are watching.
There are literally thousands if games to choose from in Sonys library, some can even be downloaded straight to your hard drive which I think will be the way forward in future Playstation Console releases. Network gaming is great on the PSN network if you decide to join, you can also host your own challenges online, chat and cam if you have the right accessories or browse the web bringing the Internet to your tv, although personanally I feel the applications browsing software could be greatly improved but its not bad if you did not have option already available to you. You can also watch Tv I players on there too as well as streaming Movies through love film or Netflix, watch Music Videos or interact with other people on the PSN Home network.
The bad news... As this was a new generation console unlike its predecessor Ps2, the Ps3 had a lot of reliability issues which Sony had to address eventually and sort out, mainly hardware/software issues , some consoles overheating, Red Light Of Death, Yellow Light Of Death, electrical faults and the most common being the Blu Ray Drive or Blu Ray board. Earlier BR lasers were not very reliable and went after a few months which meant the user had to send it back to Sony for a replacement console or source parts and if they had the know-how, fix it themselves. This experience left a lot of fans of Sonys Gaming consoles dissapointed and angry which saw a shift of some gamers to Xbox and Wii camps.
That asides despite what I have told you, if you do get a hold of a good one you will not be dissapointed, I am on my second one and thoroughly enjoy it. If you are privvy enough to get hold of a good fully working Ps3 60gb then grab hold of it and get ready for fun! As Sony says 'The Game is just the start..'