Am old man. Want PS3 primarily for playing Madden 2011 online franchise mode with old college friends (yes I'm that niche-y).

Found a reasonable local deal on craigslist. That i would likely take the lot and purchase Madden '11 on my own.

No, i don't own a woodchipper.

Having an LOL harddrive isn't essential to me. I will likely want the bluetooth mic to tell college friends how their D-line tosses salad at the all-male old folks home, etc... Can those be purchased on teh cheap?

How much would the peace of mind effect your decision to purchase this ps3 vs a brand new with the sports bundle, etc.?