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Five reasons to cash in on the PS3 at $249

While it may not have had the best launch in the history of video games, we think the PS3 has ripened into an entertainment and media hub well worth your hard-earned cash.

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With both PlayStation 3 models dropping $50 in price, now may be the right time to pull the trigger on the Sony console. While it may not have had the best launch in the history of video games, we think the PS3 has ripened into an entertainment and media hub well worth your hard-earned cash. Believe it or not, the PS3 is now less than half of what the 60GB version cost back in November of 2006.

Not sure if now is the right time to consider a PlayStation 3? Allow us to present five reasons why we think it's never been a better time to own one.

Five reasons to cash in on the PS3 at $249 (photos)

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