its really good for pirating, with just plug and play installs you can have what is essentially a free appstore for every pkg file on the system itself and for everything else you can filezilla over iso files. Ontop of that you can boot a game, block syscalls and then log into your PSN account to earn trophies as if you owned the game.
And as others mentioned there are a bunch of games still locked on there, a lot of them a lot of people missed because for the early part of that gen xbox was king, so ive never played say killzone, resistance or the uncharted games.