PS3 owners can now grab a firmware update bringing their systems up to v3.40 to support today’s launch of PlayStation Plus, the new for-pay service on the PSN that brings you all kinds of gaming goodies in addition to the already free multiplayer. But just exactly what will you get in the first month? Here’s the skinny on all the free and discounted content coming your way today:

• inFamous game trial (60-minute trial)
• WipEout HD (Full Game) FREE [normally $19.99]
• Rally Cross (PSOne Classic) FREE [normally $5.99]
• Age of Zombies (minis) FREE [normally $4.99]
• Warhark Fallen Star (Add-On) FREE [normally $1.99]
  
• Collision Theme FREE
• Fat Princess: Fat Roles DLC $3.99 [normally $4.99]
• Fat Princess Pink and Blue Princess Avatars FREE
• Gauntlet II $2.50 [normally $4.99]
• Mortal Kombat II $2.50 [normally $4.99]
• Rampage $2.50 [normally $4.99]
• Rampart $2.50 [normally $4.99]
• Cuboid $7.99 [normally $9.99]
• Cuboid Booster Pack FREE [normally $2.99]
• Cuboid Bundle Pack FREE [normally $4.99]
• Cuboid Level Editor FREE [normally $3.99]
• Hamsterball $7.99 [normally $9.99]
• Interpol $7.99 [normally $9.99]
• Magic Orbz $7.99 [normally $9.99]
• Magic Orbz Witches Pack FREE [normally $2.99]
• Magic Orbz Jungle Pack FREE [normally $2.99]
• Magic Orbz Winter Pack FREE [normally $2.99]
• Mahjong Tales: Ancient Wisdom $7.99 [normally $9.99]
• Mahjong Tales Ancient Wisdom Booster Pack FREE [normally $4.99]
• Smash Cars $11.99 [normally $14.99]
• Smash Cards Virus Run FREE [normally $2.99]
• Wakeboarding HD $11.99 [normally $14.99]

Added up, that’s roughly $88 worth of free or discounted value. Considering you only pay $50 a year, it’s not too shabby. However, how many of you out there really give two shits about half the games listed above? Are any of you even still playing Warhawk?

So, now that you know exactly what you’re getting in month one of PlayStation Plus (along with a golden d-pad icon on your PSN account for everyone to see), will you be making the jump? I’m personally on the fence. One one hand, I already get free multiplayer gaming on the PS3. On the other hand, someone at Loot Ninja should subscribe so we can bring you full coverage of the new service. Decisions, decisions…