To leave it on stand by (red light) or completely shut it off?
its really up to you, most of the time i leave it on standby becuase i play mine usually once a day. The one i have in my bedroom i keep off becuase i use it occasionally if my wife plays with me or we are watching a blu ray.
Either way is fine. Ignore any horror stories that suggest otherwise, neither method will harm the PS3 in any way.
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