Sony Announce Playstation Plus during their E3 Conference. Playstation Plus is a subscription service that gives you many benefits. an example of these benefits is Full Game Trial. this enables you to download PSN and Retail game demos that last for around a hour. any progress/trophies obtained from them are saved and bought over into the retail games. there will also be many sales that will be exclusive to Playstation Plus.
Another benefit is the selection of PSN games you can download each month. there will be a choice between 2 minis and a PS One classic. you will also get premium avatars and dynamic themes, some of which will be exclusive to Playstation Plus. early access to demos and beta trials will also be available. another benefit is you will be able to set your playstation to download patches to games or download demoes. set a time for the playstation to turn on, it will and do everything for you.
Playstation Plus is coming out on 29th June and it will cost €14.99 / £11.99 for 90 days and €49.99 / £39.99 for a whole year. if you end your subscription to Playstation Plus, it does appear that you'll loose access to the Full Game Trials and downloadable PSN games.
From EU Playstation Blog
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