I have to add, even as a PS3 fan( I think its one of the best value pieces of kit for years)...
Excellent Blu Ray, good DVD, Ok CD, Good media centre for music, photos, videos and can stream wirelessly from a PC or Mac.
Also it is constantly being upgraded, so will not get left behind like some of the older players.
Its also a SACD player (if you had the 60GB like me), AND it plays great games...
However. It MUST be kept cool or it overheats, and makes a din.
It isn't completely silent any time. Although it isn't really an issue.
It has no display of its own.
If I ONLY wanted a Blu-Ray player now, I would not buy a PS3.