I bought this for over $500 and I can't return it! My loss is your gain! It is brand new and still in the sealed box. It has 1 TB of memory, plus accepts disc games. There are a ton of free and super inexpensive games you can download from the Playstation online store. Plus, you can play movie DVDs on this console and you can access apps like Netflix and Prime from the console as well. It's an awesome thing to have!