I bought the PS3 for the Blue Ray and to play Madden on, I think it was the fact Madden didn't support the PC platform anymore which factored into the decision. That and the fact that we remodeled the basement and I needed a DVD/Blue ray player for it.
I didn't get the Yellow Death until about 6 months ago, I paid to have it fixed, the refurb unit died a couple weeks after I got it and then they gave me a newer generation of the PS3, it is not as pretty as the 1st gen.
I am not sure what I would do when this one dies, hopefully I get another 3-5 years out of it. Plus I don't play Madden anymore so there isn't a big need for me to replace it. The kids have a WII upstairs they play with.