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Famine said:

Seems like a waste of money. You should have waited for cheaper Blu-ray players, and for the price of Blu-ray titles to drop.

 

Actually for me price wasn't a great issue, but what is important is to have something that will play everything I want, as easily as possible.  Blu-ray is just one part, and currently I'd say about 15% of my media needs.  I needed a nice looking DLNA client which has a remote control and HD playback, and so far the PS3 is working out really nicely.