That's what I was thinking. Recently got myself a PS4 because they are really affordable now and god damn those loading times are obscene. About an hour to install new game on first disc load - didn't even connect to internet to skip downloading 10s of GB of updates.
Seconding. I put a 1 TB in mine up from an HDD. It's also softmodded and has PS1 and PS2 title I injects in it. Having sleep mode and resume for my favorite PS1 and PS2 games has been great.