Very good system, much better than the first version. Great color!
This Playstation is actually a good system. These things used to overheat on a regular basis, but mine is doing just fine. The red color just makes it stand out and looks amazing.
Here is one major importance. You can set this system up for any region you want! For the initial system setup, it asks you what country it is in, timezone, language, everything. I set mine up for the Americas because the download games were much better. It still plays Japanese DVD's and all region A blurays, not that I will ever own any. The controller is the same thing any PS fan is used to from 15 years ago. The controller also acts as a remote. Press the PS button and you can access your system and everything. It is like the HOME button on a Wii. This system takes any USB drive including flash drives and portable harddrives. I haven't looked for the SD card slot because that is a media I never use. You can customize the background, add music, turn off the PSP clicking noises on the menus. You can multitask similar to the Nintendo3DS.
The games are what the system is all about which is why I gave it a 4 instead of a 5. The system itself is amazing, but not too many good games. Out of the 300 games on this system, maybe 10 are appealing to me. I downloaded Megaman 9 and 10, X-Men Konami Arcade, Puzzle (something), and Tetris (no game collection is complete without this). I actually have Marvel VS Capcom 3 which wasn't that good. It's just another fighting game that didn't have Megaman. I also bought 3D Dot Game Heroes which is pretty cool. It is like Zelda NES where you can make your own character.
Bottom line, amazing system, not a lot of good games for it. I highly recommend the scarlet red PS3 system, it just stands out and looks so good!