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Sony Defends PS Plus Price Rises - IGN
(www.ign.com)
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I just subscribed for 4 or so years ahead at original prices. Will decide in 4 years if it's still worth it, but for me the free games are easily worth the price of entry.
I'm not sure it really needs to be debated - prices have gone up, they raised prices. Either pay or don't pay. It's no big deal at end of day.