Mine has been repaired twice from them, once for free. They send you all the paperwork you need to get your money back, and charge a lot less than Sony.
If you still have your receipt from the original purchase, you can send a scan of the paperwork to them that pspros send you, and they will have to pay you back the cash.
My PS3 was 4 years old, and I got my money back from PLAY.
They're also very quick and even arrange pickup and delivery for you. Amazing service.
GAME are also offering right now, £100 off a 160gb SLIM with ANY working PS3 console exchange. So if you can get it fixed really cheap you could get a slim for less that 160.