A thousand times, this. I bought an original-model PS3 when the slims first started to come out, specifically because I wanted to put Linux on it.
It's like if you were to buy a new car, and you really like the sound system it has, and you wouldn't have bought it if not for the sound system. And then a year later you take it in for service, and they say, "Sorry, we have to take your sound system out and smash the jacks with a sledgehammer so you can never put another sound system in your car. If you don't agree to this, that's your right. But if you want to keep the sound system, you'll never be able to get any repairs or an oil change from us ever again -- and since all the parts are proprietary and the oil change valve is locked with our encryption key, you won't be able to DIY your maintenance or get it from a third party repair shop either."
Then again, this is the same company that put rootkits on audio CD's.
It's like if you were to buy a new car, and you really like the sound system it has, and you wouldn't have bought it if not for the sound system. And then a year later you take it in for service, and they say, "Sorry, we have to take your sound system out and smash the jacks with a sledgehammer so you can never put another sound system in your car. If you don't agree to this, that's your right. But if you want to keep the sound system, you'll never be able to get any repairs or an oil change from us ever again -- and since all the parts are proprietary and the oil change valve is locked with our encryption key, you won't be able to DIY your maintenance or get it from a third party repair shop either."
Then again, this is the same company that put rootkits on audio CD's.