[quote name='tauruskatt']
on the other hand, i bet those with a warrenty on the older ps2's could've made out well when the slimlines came in...the warrenty gives you what you originally purchased the item for, not the current price, right?
~[/QUOTE]
Yup, I bought my Xbox for 300. It dropped to 200 and I started to get DRE's. I got a new Xbox, and 2 games.
Edit: It does also cover normal wear and tear, and the batteries on some things. If the battery is replaceable, it does not cover it (see Zen Micro/PSP). It would cover it on things that you couldn't replace yourself (Ipod). Well this is my understanding of it anyway. I only sell it on systems because I'm in Media.