Hold on! We know we said that you could re-download P.T. if you “purchased” it at least once and it was in your library. Well, things have changed. The game has now been completely removed from the PSN’s servers. If you attempt to redownload the game from your library, you will get an error saying, “Cannot Download.”
Looks like those 1800 dollar PS4’s on eBay are going up in worth again.
So let me repeat that. Whatever you do, do NOT delete P.T. unless you want to lose this piece of gaming history forever. Keep it on that hard drive. Make copies of it if you can. Hold on to it for dear life, because you won’t get another chance.
Source: Gamespot