I bought mine in 2001 for $300 plus two games, "The Bouncer" (Squaresoft) and "Shadow of Destiny" (Konami). Bouncer is too short, but fun with good graphics and the latter I don't remember too well. I haven't gotten to beat too many games for it, but the ones that I did were very enjoyable like: "Silent Hill 2", "Ico", "Rygar", "Final Fantasy X", "Castlevania: Lament of Innocence", "Onimusha", "Resident Evil: Code Veronica X", "Shadow of the Colosuss" (<-- 100% awesomeness with that), also "Metal Gear Solid 2: Sons of Liberty" (another great one!), etc.
Since it's the last console that I bought, and I don't have the benefit of experiencing modern ones, it ranks as my favorite. My favorite genres of Action and RPG are well covered, the controller is slick, it had YPbPr Component and Dolby Digital outputs from the get-go, eh, I liked everything about it frankly! I own about another 20 games (35 total maybe, dunno) that I have yet to beat (the later two FFs, FF7: Dirge of Cerberus, Xenosaga 1/2, Wild Arms 3/4, Kingdom Hearts 1/2, more Resident Evil sequels, etc.), but I'll get around to things eventually. Anyway, my system still works, never had a problem with it, and I never heard about all the problems mentioned.
Here's to you old friend! It was an outstanding thirteen year run,
Seconded! RIP...