SEE CUSTOMER REVIEW BELOW
Although the PS3 will stand vertically on it's own, it is debatable how much contact it could take before it tumbled over, potentially causing significant damage. When you have just spent £300 on a console this would not be a good thing.
Therefore a vertical stand is a good investment, as it will make your console stand that little bit more securely, thus saving you a lot of worry when a cat/child/spouse is anywhere near it!. There are a number of vertical stands currently avaliable, but this is why I think this stand is the one to go for:
i). It seems very well built.
ii). It's look and finish match the PS3 very well.
iii). The lighting effect is very tastefully done (and can be switched off if you want).
iv). It gives you two USB sockets at the back of the console which makes things much tidier when plugging in other accessories (although you have to use one of the ones at the front of the console to plug the stand in).
v). At £8.99 delivered it is an absolute bargain.
I really have nothing negative to say about this product.
Big thumbs up from me.