If the system is in good condition, sounds like a damn good deal to me. One of the best games for it, a large amount of storage, and it's below retail for the system alone. And yes, Sony has stated there is absolutely no chance of a price drop this year. And when it does come, it won't be a price drop anyway. They will just finally make the non-"Value Pack" PSP available in the US. What is currently on the market for $250 will still be $250.