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...and the ps3 will be BD Profile 1.1 by January.

From PlayThree.net:

The PlayStation 3 is going to get an update to its firmware that will allow it to play Blu-ray profile 1.1 movies much sooner than expected.

On the 2nd January 2008 Sony are releasing Resident Evil: Extinction is the first Blu-ray movie to use profile 1.1. It is promising to be the most technologically advanced blu-ray movie ever as it will feature true picture in picture and 'Blu-Wizard 2' which will allow your player to 'remember' your viewing preferences for the movie, even after you have ejected it. The movie will also feature PlayStation 3 demos of Devil May Cry 4 and the new Resident Evil game.


Sony are going to want to be sure that the biggest market of Blu-ray consumers, PlayStation 3 owners, will be able to take advantage of these features. So expect a firmware update by the end of 2007.

Note:  These demos are most likely jus trailers.