Depends what's in the rest of your system, and if you fancy a PS3 for gaming as well. I think this is a dilemma facing many of us now that the format war is over. The PS3 is a good Blu-ray player for sure, but if you don't need the gaming element then a dedicated Blu-ray player might be the better option.
We've a roundup of all the latest Blu-ray players in the What Hi-Def? supplement included with the April issue of What Hi-Fi? Sound and Vision (on sale now), and we'll be bringing you a comprehensive group test of Blu-ray players in the May issue, out in a couple of weeks.
For sure there will be many more models coming to market in the next few months, and prices are bound to fall. That said, you can already pick up a Samsung Blu-ray machine for £200.