You can play your PSP games,
watch movies in very good quality, listen to music,
take pictures (via additional camera),
Do anything and everything! It has the best of all worlds.

Includes PlayStation 3 80 GB system, Dualshock 3 wireless controller, and free PlayStation Network membership
Internet ready Wi-Fi
80 GB of hard disk storage for all your games, music, videos, and photos
Built-in Blu-ray player to give you the best high-definition viewing experience and pristine picture quality
Play your entire catalog of CDs and DVDs

A copy of the PlayStation exclusive Ratchet & Clank Future: A Crack in Time
Slim, light PS3 system with a 160 GB HDD, Internet-ready built-in Wi-Fi, 2 USB ports and HDMI + Bravia Synch output for 1080p resolution and connectivity between other Sony HDMI products
DualShock 3 wireless controller with detachable USB charge cable and AC power cord for console
Free PlayStation Network membership and access to Netflix with Unlimited membership (sold separately)
A copy of the PlayStation 3 exclusive SingStar Dance with 2 included wired SingStar microphones

HDMI + Bravia Sync functionality that provides both 1080p output resolution, and instant in-synch connectivity between your PS3 and other Sony HDMI enabled products without the use of multiple remote controls.
A new 33% slimmer, 36% lighter PlayStation 3 entertainment system that is also more energy efficient.
Includes a Dualshock 3 wireless controller and a built-in 120GB HDD for storing games, music, videos, and photos.
Built-in Wi-Fi for connectivity anywhere and multiple media format compatibility, including Blu-ray for crystal clear video on High-Definition TVs, CD-ROM, DVD, and others.
Free membership and access to all the events, as well as game, movie, TV and other media content available on the PlayStation Network (PSN).