OK - You got the longed for PS3. If you have 40GB this guide is irelevant sorry. If you got the 60GB version: things you should never ever buy from ebay or anywhere else for that matter. UPDATE DISCS / USB STICKS / ANYTHING CHARGING YOU MONEY FOR AN UPDATE! These are totally free. If you are reading this then your online and have internet access obviously! ALL PS3 UPDATES ARE FREE FREEEE!!!! PLEASE do not give people money for nothing. Just go to SCEE website (Sony Computer Entertainment Europe) where you can sort your shiny black beastie out with the lastest update. Hope this is useful, and if you flog updates then shame on you! Cheeeeeeky! P.S as of 24th March 2008 most recent update is version 2.17. 

Thought i had better keep up to date with the PS3 updates! - As of July 30th 2008 the latest update is version 2.42!

Update version 2.43 available as from September 17th!