Accidents happen. I often take my PS2 when I visit somebody, especially if I'll be staying there for a few days.
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I never got burnt by touching a slim PS2.
The only issue with it is that it can't play games that require the hard drive. I only know of one game that requires the hard drive, and that's FFXI. It does have a fan, but it is much more quiet than the fan used in the old PS2. It also has a network adapter built-in, making it simpler to play a few games online.
It's lasted a hell of a lot longer than my regular one, and it doesn't make noises like it's about to take off or explode. I also saved twenty quid on an ethernet adaptor.
My PS2 is chunky and ugly looking. However, it's never been too loud, and has never caused me problems.
ive got the small PS2, and as far as i know you can play the same types of games on it as you can on a regular PS2, and also ive never had a problem with over heating or anything.
I heard it over heats easily.
I have had mine for over 2 years now and I like it a LOT better than the original. It's light, makes less noise, more attractive. There is no power switch in the back!
If you sit it on top of a hot TV and use it for hours at a time without turning off, you'll get performance issues.
I don't think it's a problem if you give it decent ventilation. Aside from the HD support missing, you're not getting hurt on too much.