YLOD. And it wasn't near as common as 360, but it wasn't exactly uber rare either.
Also, until last year, there were not really enough PS3 games to grasp me either, and PSP had the similar function.
Off topic, but I really want to get two Psp3000(for me and my girlfriend). The only downfalls are, is that if PSP2 has a successful launch, I made a stupid mistake, and I'd rather get a 1080P 37" TV over the PSPs. As much as I love the PSP games atm, I'm actually thinking waiting for PSP2 might be a good idea. Just incase the launch is great... >.>