The old PS3 definitely isn't ugly, and I'll even agree with kn00tcn, the new model is pretty meh. At this point, if you're looking for a PS3 bundle, you want the best combination of games that come with it. Uncharted, Batman and GoW3? That's an amazing start.
Plus you're getting 40GB extra for the price of the basic slim PS3, not a huge argument, since 2.5'' HDDs are easy to replace and relatively cheap, but still.
Anyways, you'd be really stupid to pass on a deal because the console is "ugly". Console deals don't come that often at this time of the year (PS3 anyway, I'm seeing plenty 360 console deals because of the new one that just came out), this is a pretty decent opportunity, imo.