(Hopefully this kind of post is ok here, I know it’s not gaming news, but just trying to not sit and lurk, but actually create discussion)
The community is just called "Gaming" and describes itself as "All forms of game discussion go here [...]". So I would say such a discussion as yours perfectly fits here.
Anyway:
If you have to space to put one, owning another console is not that bad. However $120 feels too expensive for an old, outdated console. I would probably go for a cheap used one. They might even be sold with a whole bunch of games included, if someone just wants to get rid of it.