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S.Peelman said:
I know it doesn't really answer the OP, but we stopped using Blu-ray on console when we found out that the picture quality is... just bad compared to a dedicated blu-ray device. I doubt the XBone and PS4 are noticeably better at it, and suspect that our old LG device still runs laps around them like it does around the PS3.

The PS3 as a blu-ray player has its flaws compared to a dedicated blu-ray-player (power consumption, noise of the fan)... but I have never heard complaints about its picture quality.

It is still known as a great blu-ray device:

http://reviews.cnet.com/best-blu-ray-players/

http://www.avsforum.com/t/1480646/stick-with-the-ps3-as-blu-ray-player-or-get-a-dedicated-blu-ray-player

http://www.avforums.com/threads/todays-blu-ray-players-vs-ps3-slim.1665393/

http://www.pcmag.com/article2/0,2817,2397234,00.asp

http://www.whathifi.com/forum/blu-ray-players/sony-ps3-vs-blu-ray-players