The console is fantastic. Great picture quality, great battery duration, fits well in your hand, although an additional "handler" can make it better to hold on, like this one BigBen Interactive Controller Grip Playstation
The only drawback is the fact that the game bundled with comes as an online code only. And the console only allows you to have one account at a time. To change from one account to another, you have to reset your console and reformat your memory cards. That was a problem for me, because I have an Us account, with PS+ subscription, and could not redeem any of the digital codes that came with it, resulting in a waste of money (I could just get the simple standalone version, instead, if I knew about it in advance), though I still can try and trade the code later.
Other than that, it is a must by, even more if you have a PS+ subscription. And beside all that, at times you don't fell like whanting to play games, it is still a good portable NetFlix player, has a decent YouTube app, and can access the most common social networks (Facebook, Twitter, Foursquare).
No regrets so far :)