Would you buy a Video Game Console from Ebay?

I am an avid gamer but have not really used Ebay that much, i want to buy a Playstation 3 but i am kind of iffy on not having a warranty or anything on an expensive electronics purchase. Has anyone purchased any sort of video game console from Ebay before? Were there any issues?

I know Paypal ensures refunds if anything is wrong with the item but in the long run if something happens id have to pay out of pocket.