If you want a good Blu-ray player, can live without the HD audio for a while, can use the conroller for playing BDs and DVDs, its supoib. I would advise that an internet connection is prefferable not really optional. And I do agree with the WHF reviewers on the whole controller being a pain in the posterior to use on BDs and DVDs. Don't buy a no brand HDMI cable though. They really are bad. The only other thing is the limited number of titles on BD and number of games released, although as you think you are going to wait, that won't be such a problem.
I love;
Its Blu-ray ability, its connectivity, its dvd ability, games in digital surround sound.
I hate;
Its relatively poor CD playback, not being able to transfer my PS2 save games from the old memory card, using the controller for dvds, oh god, it really is that bad!