Yeah, I guess... But it's like losing a photo album in a fire. The memories are still there, but there's something to be said for posterity, right?
Truth be told, aside from the admittedly silly interest in keeping old save files I'll never play again, the majority of my games were either ones I had beaten the story modes of (Darksiders, etc.), or was stuck on to the point that I didn't give a [darn] if I finished them (Mirror's Edge) or would probably start all over again on because of how little I was invested in the first place (Dragon Quest VIII). However, my brother's especially broken up over it, because he spent several months making a series of LittleBigPlanet levels dedicated to all the in-jokes my friends and I used to have, levels for which we bought a PS Eye just to get their pictures into it (and what's more, he lost the first in-joke level to the last crash we had--or un-crash, rather, as I somehow got my data back at the time). But of course, there's the games like Portal 2 (we hadn't finished co-op), or extra re-plays in God of War III. I've considered save states and GameSharks or something to at least create the illusion of progress, but it won't be personal...
Well, I'll pay for the new hard drive. It's my fault for running it so long and not backing stuff up, anyway.