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So I just purchased psn plus for £40.00, its a shame they dont have a £40.00 wallet add-on, so you have to put £50.00 on..
First impressions:
Firstly, you buy it and it downloads straight away.. This doesnt seem gameshareable but you never know some ps3 gurus might find a way to get it for free

When you have bought it, I suggest going to system settings, there you can update your "Automatic Downloads" which becomes available and all you have to do is select a time for the updates. Also at first, I was thinking something had gone wrong, because it said: "Free LBP" so I thought it would appear on my game section of the XMB but it just appears in Playstation plus section and you download it from there.
Here is a list of content that is available today on PSN +.
Games
LittleBigPlanet (standard edition) - special offer only available until 3 August 2010
WipEout HD
Field Runners (minis)
Age of Zombies (minis)
Destruction Derby (PS one Classic)
Full Game Trials
Shatter
Savage Moon
Special Offers
LittleBigPlanet: God of War Pack - 50%
LittleBigPlanet: LocoRoco costume pack - 50%
Gravity Crash - 20%
Fat Princess DLC - 20%
Premium Game Downloads
KillZone 2: Steel & Titanium map pack
Automatic Download Demos
ModNation Racers demo
Heavy Rain demo
Dynamic Themes and Premium Avatars
LittleBigPlanet Dynamic Theme
Game Is Just The Start Dynamic Theme
Fat Princess Premium Avatars
This list is as it stands now and maybe subject to change, I will keep this thread update or you can keep yourselves update by the link I will provide at the end.
So I do suggest buying this, as it brings many benefits, althought the cost of £40.00 seems daunting at first. It seems like a good buy from first impressions and I have already started to download over 3GB of Playstation Plus Items
Update link for Store:
https://uk.playstation.com/playstationplus/