Pros:
Its just for $599
Cons:
Low memory!
Summary:
It does not make sense if you buy this. Just investing $599 more on the 500 GB makes a lot of sense because you will get the 500 GB HDD which is always useful and also 2 incredible games worth $699.
If you wanna save the extra $599 you spend on PS3,then go for this model
And the game which you're gonna get is not a great one.
So I advice you to buy the 500GB .