Pros: Many of the apps are loaded and configured for you. Just install and use it.
1. Media Playback sucks! Even if you download and install the MPlayer seperately, it still sucks! It doesn't scale the video, so you'll be limited to playing the video on it's original size.
2. No Bluetooth support (or was it no wifi?)
3. Lack of documentation or clear instructions for configuring Linux resolution to display at full 1080P. Although there are numerous sites that shows you how to theoretically display 1080i, or 1080P, or even 720P, but the problem is that YDL linux at thier default resolution modes do not cover the whole screen. You're left with 2 inches of black bars on the sides of the TV, and even bigger black bars on top and bottom of the TV. There is an overscan mode, but this mode overshoots the TV, so that the resolution actually goes outside of the screen.
4. The video driver for the PS3 is non-existent. It's using frame buffering. No 3D, or even 2D acceleration. Sony has crippled the Linux by denying access to their RSX drivers. So you are left with flickering screen with poor focus that will eventually hurt your eyes, or give you a severe headache.
5. YUM still does not work. I keep getting errors...
Having said this, it is my understanding that installing the VLC media player does support video scaling. However, I haven't tried this myself due to 2 reasons. Many people are having difficult time installing this thing, chasing around the net to find the dependencies (dependent files). RPMs are available, but not in a package form. So, you'll have to individually download something like 30+ files seperately, put them all in a single directory, and prey to god that you've got all the files. From there, you'll be searching around the net to find the dependent files. This becomes a very frustrating trial and error process, since you'll only learn of the missing dependencies one at a time.
You'd be far better off installing Fedora 6, since online support is abundant. With YDL, you'll run into support issues since not too many people are using it. Besides, YDL is a Fedora variant. And the necessary PS3 kernal codes are in the Fedora release as well, if not, just download and compile.
Goodnight, and goodluck.